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I think it's even worse than that when admitting that capitalism isn't so much some physical force inherent in the world/universe as it is a euphemism for people behaving sufficiently self-centrically to jeopardize the entire species - which, of course, implies self destruction as well.
Seems to me Webster ought update its 'folly' entry....
Technology is part of humanity, as is capitalism (and the other "ism"s). We created this world. It couldn't be any other way, no matter our opinions of it. You would have to rewind back a lot of years to undo all this evolutionary influence, and I'm not sure playing it back would create anything much different. Technology is simply a reflections of us, and our priorities.