In some cases. But covetousness is also equated with idolatry.

Put to death therefore your members which are on the earth: sexual immorality, uncleanness, depraved passion, evil desire, and covetousness, which is idolatry. (Colossians 3:5 WEBPB)

Idolatry is a work of the flesh, and something that most people, being in the flesh, will be drawn too and tempted by.

Now the deeds of the flesh are obvious, which are: adultery, sexual immorality, uncleanness, lustfulness, idolatry, sorcery, hatred, strife, jealousies, outbursts of anger, rivalries, divisions, heresies, envy, murders, drunkenness, orgies, and things like these; of which I forewarn you, even as I also forewarned you, that those who practise such things will not inherit God’s Kingdom. (Galatians 5:19-21 WEBPB)