Maybe yes, maybe no; what I know for sure is that COTTonLINE will stick with capitalism. I spent thirty years extolling its virtues, and I did so willingly, believing in what I sold. If the GOP becomes anti-capitalist, then the party and I will part company.
Capitalism produces more total wealth because it conforms to human nature. Socialism doesn't work well because it asks of human beings behaviors they don't naturally produce. Giving people things they haven't earned is a way to ruin them, to destroy their work ethic.