Fundamentally Capitalism is a value/product based system but some of the variations can evidently turn into some kind of a cult-like mindset. The examples are numerous: textbook abuse of basic human rights for the greater good (more profit), accusing everyone unlike you of being a socialist (aka "infidel"), ignoring concrete facts if they don't fit into a doctrine or they are inconvenient (like problems with pollution or health), shameless elitism and overconfidence by many on the top, ... etc.
This is not off topic at all. This is exactly a cult like behavior that is the core of this thread.
In my country the government just said that it will rise minimum wage for something like 8% and business circles say this is a scandalous, that this is populism ... etc. (and even with this minimum wage is still a bad joke) Personally I never understood how all these big business experts plan to have a developed market with consumers without purchasing power. So the logical conclusions is that all of this isn't really about market or exchange but power and control.
Its a shame in many ways that capitalism has turned out the way it has, it was the "socialism" of its day, ie high hopes, utopian vision, personal sacrifice etc.
The fact it didnt live up to vision gave the world socialism, largely, something that's great doesnt result in criticism gaining so much traction people imagine a complete break with it and a complete alternative to it.
Although what anyone's alternative is when socialism turns out has it has turned out in human history in a variety of different contexts is anyone's guess really, in some parts of the USSR while it was collapsing capitalism as a hopeful, optimistic alternative got revived, at the same time it enjoyed something like a "second wind" in some parts of the west but they often called it libertarianism rather than capitalism.
I dont think it matters what you call the ideological strait jacket that you're trying to impose upon events or everyday life when it becomes less and less of a visionary idea and more and more of a fable, an appealing fantasy but a fantasy none the less, beloved mainly by elites, there's a problem on the rise for sure. It makes it less and less possible to talk "real talk" and get things fixed when they start failing.
Globally I think the biggest problem is that elites wont face facts, it doesnt matter what your economy or politics are meant to conform to. The masses accept drops in living standards or life expectancy largely because there's not much they can do about it but the elites fight for their legacies. At the minute I think its going to cost the planet, the climate crisis is real, it wont be checked entirely by a shrinking global population either.