I don't consider myself a Marxist/ nor capitalist --- I HAVE been revisiting Lasch's work "The Culture of Narcissism" and find it prescient to our current situation ........
But to the point-- these are simply systems (that have become ideologies) of thought on how to best allocate resources for the good of society. It's funny- there used to be a robust critique of capitalism from conservatives as well. Many Conservatives have not always believed or proclaimed with such fervency that the Holy Market is sacrosanct---many warned that you shouldn't reduce large spheres of human existence to such a volatile and destructive system without sufficient debate.
In 1980 George Will wrote: "Will suggested "schizophrenia" in the marriage of convenience between cultural and economic conservatives: “The Republican platform of 1980 stresses two themes that are not as harmonious as Republicans suppose. One is cultural conservatism. The other is capitalist dynamism.
The latter dissolves the former. "
But this union between conservatives and Libertarian capitalism- where value is defined as a function of supply and demand, is hostile to self discipline/mastery---a traditional conservative virtue
We are seeing the effects of Unchecked capitalism creating dijunction/disunion-- With the advent of the FAANG corporations mergers and acquisitions the prediction of Marx is increasingly fulfilled: monopolies and oligopolies find few defenders in tough times, and are converted rapidly into agencies of the state---if not becoming "state like"-Private institutions, are in effect governments themselves; they both tax and plan--but simply employ different terminology.
The Libertarian wing of conservatism (Rand, Hayek, Friedman) became republican dogma without addressing the cultural contradictions embedded in "free market." Some conservatives would argue that libertarian capitalism makes people less free by its ability to convert base human desire into products. These critics have pointed to libertarian economics reducing the people to mere consumers at the expense of real citizenship.
It seems that repubs. are unable to connect the cultural trends they deplore to the system they promote uncritically.
I would argue that the individualistic identitarian protests you are seeing is an outcome of capitalism that comes with the breakdown of communal and social structures into atomized individuals. Capitalism profits from this social atomization since with more individual identities come more consumers. The claim that we must support this state of affairs because of a misreading of socialism is simplistic and fails to address concerns about unbridled capitalism. To blindly follow a structure that promotes "roles, not persons”, in which a person becomes an object or a "thing." produces a sick society. (Bell, Cultural Contradictions of Capitalism")
Culture within consumer overly-commercialized society is characterized by
“the release of the individual from traditional restraints and family/community ties so that he could ‘make’ of himself what he willed.” Again, in our atomized overly-individualistic country: “the expression and remaking of the ‘self’ in order to achieve self-realization and self-fulfillment.” Therefore there are no longer “any limits or boundaries to experience”, and within its sphere “nothing is forbidden, all is to be explored.”“self-gratification”, and it is now “anti-institutional and antinomian in that the individual is taken to be the measure of satisfaction, and
his feelings, sentiments, and judgments, not some objective standard of quality and value, determine the worth of cultural objects.” (Bell, Cultural Contradictions of Capitalism"). Does this remind anyone of the identity politics on display on both sides of the aisle.---Many would argue and I would agree that this is a result of a failing socioeconomic system.
The Culture of Narcissism - Wikipedia
Daniel Bell - Wikipedia