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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I'll call capitalism a religion when the left starts to call global warming/climate change/global cooling/whatever a religion.