UGH.

You remind me of this guy, carefully explaining how mainland China is "surprisingly capitalist," since you don't have a right to social services in, say, Beijing, unless you live there, but housing is very expensive. (The funny bit is, he explains how he finally realized how he was programmed in school to be a Democrat. I won't tell him how far he has to go; I'd be worried he'd give up.)

liberalism

Orwell's phrase, "oligarchical collectivism," has a lot more to do with America's current economic system than classical Liberalism. The Left tried to push "Progressivism" once "Communism" proved too poisonous, then they dropped it after they smeared it with eugenics and other radical politics, and called themselves "liberals" to cover up their crimes. They poisoned that word enough that Hillary went back to "Progressivism" for 2016, then Biden abandoned even that for a "conservative," old-style Democrat veneer.

The common wisdom holds that “both parties” have to appeal to the extremes during the primary and then move to the center for the general election. To the contrary, both parties run for office as conservatives. Once they have fooled the voters and are safely in office, Republicans sometimes double-cross the voters. Democrats always do. ― Ann Coulter

capitalism

"Capitalism" was a word made up by Marx, probably from the French word for "the feeling of being well-capitalized," capitalisme. (Of course he named it after fee-fees.) But no one in 19th C. America or Britain would have called themselves "capitalists."

Another fee-fee smear word is "individualism." (Almost anything ending in -ism is capable of being used as a content-free smear.) Given the lust for collectivism on the Left, I'm not surprised none of them seem worried about surrendering their minds to the government, that "name for those things we all do together." Obviously, it's a matter of degree, but if America was anything before the New Deal, it was "familyist": if you were dead broke, the usual first option was to send you back to your family for them to put you back on your feet.