I would argue for the position of 'not always'. In my opinion it is much the same as GMO plants. The intent and target of the modification matters. A plant that is modified to tolerate deadly chemicals is evil; it must be handled carefully if consumed at all so that the chemicals it tolerates do not poison us. A plant which is modified to have a higher or higher quality (more nutrition?) yield might be good.

Thus the highly processed foods. It depends on what the intent of the process is and how the results are used in the whole. Even if it might be less healthy I sure do love breads and noodles.

Highly processed is almost always synonymous with the types of food that are considered bad for your health.

From WP [0]: "he term ultra-processing refers to the processing of industrial ingredients derived from foods, for example by extruding, moulding, re-shaping, hydrogenation, and hydrolysis. Ultra-processed foods generally also include additives such as preservatives, sweeteners, sensory enhancers, colourants, flavours, and processing aids, but little or no whole food."

[0]: https://en.wikipedia.org/wiki/Ultra-processed_food

Capitalism doesn't optimise for health, it optimises for addiction, profit, and lower costs (a.k.a. lower quality).

So, yes, the more processed a food is, the more aligned it is to capitalistic motives, the less healthy it is.