>The “ideals” of capitalism were shallow post-hoc rationalizations that came after people called out the problems resulting from the mode by which the elite mercantile class had replaced the feudal hereditary aristocracy as the class around whose particular interests the political and economic order were organized.

This is completely untrue, classical liberals like Adam Smith and John Locke were espousing those ideals well before the word "capitalism" was even coined, it just used to be called Liberalism.