It may be even more complex and nuanced then that.
The Anglican community is on the point of schism because while, say, the Episcopal church in the US welcomes LGBTQ+ (I want to say in England also but I have no direct experience there) the churches in the fast growing regions such as Africa are not on board.
In the US megachurches featuring Las Vegas style worship are packed, minting money, and donating to right-wing causes. I can't but see a parallel with billionaires continuing to amass wealth and launder money through swanky high rises while city streets are lined with tents.