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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Not a religion, but there is a certain amount of faith put into believing it is a good option for a nation's economy. The same could be said of Communism or Socialism.