pretty much, and the worst part is, it's literally fueled almost entirely by race antagonism. the reason white westerners hate socialism and love capitalism is because they're afraid of non-white non-westerners. that's essentially what it really boils down to at the end of the day. aside from western far leftists when white people talk about 'socialist' policies or forms of perspective western socialism it's always built on the presupposition that nonwhites will still be an underclass, and likely be segregated to the other side of the planet 'where they belong'

not to say this is some inherent or biological flaw in western white people, it's constructed entirely by capitalists to keep them mad about that so they don't notice whose hands are REALLY in their pocket