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Let's say we have the basic feedback system of the picture 
We know that the closed loop transfer function is given by $$T(s)=\frac{G(s)}{1+G(s)H(s)}$$ Now, the diagram above is equivalent to an open loop diagram with this transfer function . 
Here's my problem . In the first diagram it's clearly a feedback system while in the second there is no feedback . How is this possible if these are equivalent ? Can a system have feedback or not depending on the perspective? I'm confused .
It's eminently possible for an open loop system to have exactly the same TF as a closed loop system: \$ \frac {1}{1+s}\$ could be the TF of a simple series RC circuit with R=1, C=1, or it could be a unity feedback closed loop system with an integrator, \$\frac{1}{s}\$, in the forward path. Or it could be something completely different. It's impossible to tell, from the TF itself, what the primitive structure of the system is.
Equally, putting a Laplace transform into a single box does not mean that the system is open loop. It could be the final abstraction of a primitive closed loop block diagram.
Also, using G for the forward path and H for the feedback path of a CLTF is purely convention. Those letters are not sacrosanct.
Take the simple example of an op-amp with dominant pole compensation. Open loop it has the approximate transfer function of Ao/(1+s*tau).
Put resistive feedback around it and you can get an amplifier with whatever gain you want, and a single pole roll off at the gain-bandwidth divided by the gain. (Of course within GBW limits etc.)
Now of course it's possible to design an amplifier WITHOUT feedback that has a certain gain and a single poll rolloff at a given point.
So you have two systems: One with feedback and one without that have identical transfer functions but different implementations.
