That's an often misquoted line, by the Apostle Paul. The actual line is 'The love of money is the root of all evil' and there may be some truth to that.
I think it's wrong to equate money with Capitalism. The problem with Capitalism isn't that it uses money, but that it puts money first. Large corporations embody this by being entities that are responsible primarily to their shareholders... or more basically, to their profit margins.