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Capitalism was the system the rich wanted to ensure they still had a foothold. In the past, it was fiefdoms and land ownership. Then a bunch of rich Americans got together (the founding fathers) and democracy wasn't going see the light of day unless there was some level of compromise, and they got to keep their power in some way. Democracy was supposed to be a counterbalance, yes, but capitalism isn't actually necessary for a functional society.
Ever since humanity evolved into a barter system, the enemy has always been the rich and powerful (who also happen to be rich), and the tools they use to keep themselves in power. Never ever forget that.
The GOP is a tool for the rich, and billionaires are just another identity of the rich. It all funnels to a single root cause.