

It is capitalist perspective, but not propaganda.
If there is meant to be capitalist competition then the competitors should not be massively funded by the government. China massively funds their electric car industry, principally because they own them.
That said, US carmakers get Government bailouts all the time.
It is still a democracy, but that democracy is in crisis. You will know over the next 2/years if it will survive, although the next federal election will be the real test.
Democracies can recover if they keep their representation.