I would say that most “MAGA” or whatever equivalent regressive movement exists anywhere is not at all conservative (MAGA supporters attempted a coupe, which is radical, the opposite of conservative), that’s just branding. In much the same way as the people’s democratic republic of Korea is not democratic, “liberals” in the USA political landscape are usually leftists (typically with a lot of illiberal positions) etc.

It isn’t that these people support capitalism (they are often ignorant of what capitalism even entails, the same way they think communism means anything they disagree with) it’s that they vaguely support existing power and class structures, though again, from what I’ve seen they can rarely coherently describe what they support and what they oppose, outside of a few tailor designed talking points like abortion or transgenderism.