I'd say it has more to do with how the word "capitalism" is used ambiguously to support arguments for better or for worse, and how that rhetoric is woven into social policies.

Capitalism might concern itself only with only the "private ownership of the means of production and their operation for profit" [0], but there is no reason that it strictly has to be deployed in a manner that is insensitive to human needs and desires. If anything, sufficient ignorance of these long-term objectives only makes it more likely that whatever flavor of capitalism that is deployed keeps consuming until it causes events that lead to its own destruction.

[0] https://en.wikipedia.org/wiki/Capitalism