Code absolutely belongs there. Like any technology (be it printing presses, weapons, or algorithms) code is neutral by design, but not by impact.
It can bolster democracies or undermine them. The real agency lies with those who wield it. And it's rarely the coders. It's the leaders, the platforms, the systems that choose how code is deployed.
That's my point. Any tech can (and is) used for this. There's really no point in putting word "code" there. It adds very little additional context. Only in my opinion mostly serves the other goal - to sell.
Does open source code count as "capital"? It also has a real and significant effect.