nope you're incorrect. hoarding wealth is indeed encouraged by capitalism. as it magnifies importance of money, consumption and class hierarchy which in turn breeds generations of people obsessed with shiny things, i.e extreme consumerism and commodity fetishism.
today in our capitalist society we allocate more money to marketing than to alleviating poverty. very irreligious!
Hoarding wealth may be encouraged by Capital-ISTS but it is not a part of Capital-ISM. Not all capitalists are hoarders. Money is indeed quite important. Money has always been important. It is necessary for trade to continue, whether it is gold, silver, paper notes, food or other perishables etc (even in the prison system where items such as new clothing, cigarettes and other items act as money is a perfect example of primal forms of commerce. Not so much in the items but in the fact that there is demand and value for these items, which is capitalist by nature. Perhaps that is a product of a Capitalist society, and if that is the case, then what about prisons in a Communist society? How did they operate? Where inmates co-operative, and were they equally distributing goods among each other? Did the over-seers equally distribute the goods among the inmates and themselves?)
No one is equal and class hierarchy exists on all levels. A free-man is not equal to a slave, a poor-man is not equal to a rich man with regards to their wealth, an ignoramus is not equal to an intellectual, and disbeliever is not equal to a believer etc etc
ad infinitum. These are all classes in society with varying levels of hierarchy, authority and the like.
which in turn breeds generations of people obsessed with shiny things, i.e extreme consumerism and commodity fetishism.
Some people me be obsessed with shiny things like, computers and smartphones, which are probably the shiniest items that all people have. Even in third world countries...As for extreme consumerism, what does this mean? People spending as they please while you have to sit in poverty and watch, sulking misanthropically? Do you feel that a person with abundant wealth owes you money? Or that you [or everyone] should also have the same amount of money [or no money at all]?
Commodity fetishism. Same as Equality fetishism and being fetishistic about Communism. It's a different field. And this goes back to hierarchy, to some degree. Capitalists and Communists are not equal and both argue that they are above the other, creating an elitist outlook on the world. Not everyone wants Communism just like you don't want Capitalism, so, both isms are hierarchical and based on some sort of class system (even if it is ideological).
today in our capitalist society we allocate more money to marketing than to alleviating poverty. very irreligious!
The fact that Communist [and Socialist] ideology is steeped in Atheism and that Capitalist ideology (specifically in America) is Secularist is irreligious. As for where money is being allocated, and how it
should be allocated is not for you to call. All you can do is spend your money on the poor, which is fine, no one will stop you, neither a Capitalist or a Communist.
Poverty will always exist, especially in a Communist society, assuming everyone [but the State] will be treated equally, that means, either a poor society or an affluent and decadent one. In a Capitalist society, we have both extremes as well, the difference is, anyone from among the poor can rise on the social ladder. It isn't controlled in the same manner that Communist economics would be if surrendered to the people.
I can only imagine that the fantasy of such a society could evoke such longing, but you fail to take into consideration human nature as a factor that will upset your Utopian outlook. Capitalism is not a perfect ideology either, but I would prefer being able to become wealthy based on work and intellect rather than being kept down in what would most likely be minimalist poverty by a society that surrenders its resources to the State for the sake of a false sense of equality.
@marx was right 
