So, the claims are that capitalism is based on information and knowledge and not greed and that greed leads to socialism? Is certainly an interesting opinion.

So, the claims are that capitalism is based on information and knowledge and not greed and that greed leads to socialism? Is certainly an interesting opinion. My first thoughts were that he seems to be confusing motives and methods. Information and knowledge certainly flow through a capitalist system and are definitely required in order to do well, but they are not the motive for most capitalists, In fact I can think of very few millionaires who are in business for the learning and philosophy, whereas the desire to own more stuff or money often is a driving force. As for saying that socialism is the end product of greed, and that it is greed that leads to a socialist welfare state, well. Someone should definitely tell this to some of the various murderous dictators that have been propped up by capitalists in the name of stability, security and favourable trading positions. They'd have a pretty good laugh about it while checking their numbered accounts. Also, if greed leads to the creation of welfare for the poor, presumably this means that the problem is the greedy poor. Which given that by definition they cannot be very good at being greedy as they have no stuff, makes me doubt that it was their greed that led to the creation of welfare, and that maybe having less than 100% employment might have more to do with the massive mechanisation and export of labour.