With "The Free Market" being its deity?
Sure seems like it to me. You have people against certain legislation simply because "it goes against TFM" or "it's not capitalistic" without any more reasoning behind it. The amount of fanatical devotion people have to the almighty dollar above all else kinda frightens me, to be honest.
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No, things like capitalism and socialism/communism are called economical systems. Economical systems are defined as "systems of production and exchange of goods and services as well as allocation of resources in a society." Religions are defined as "an organized system of beliefs, ceremonies, and rules used to worship a god or a group of gods."