Yes, but not in the ironic meaning you probably meant it in. China is more capitalist than the United States or Europe at this point in time. It's why they managed to catapult themselves so quickly ahead.
> Capitalism is why there is no chip fab in the US
Umm what? My friend works at one. There's dozens of them in the US.
Also the reason why chip fabs took off in certain other countries is because of state sponsorship by feeding their development off of the tax base. i.e. corporate welfare.
Capitalism is why we still burn coal and use gas
Capitalism is why china is already ahead
I can continue with many more examples :)
They all waiting in line to get government funding
Capitalism is why there is no chip fab in the US
Intel is waiting in line for government funding