Capitalism v. Socialism — The Throwdown

A couple of months ago, I was flipping channels on the TV, and I came across as recorded lecture at the University of Washington.  The punch line of the lecture was “…leads to greater redistribution of wealth.”  And she (the lecturer) said it as if it’s a foregone conclusion that redistribution of wealth is a good thing.  But is it really?  I agree that if we want to claim to be a moral society, we must collectively possess a conscience.  But does it follow that we must provide for the needs of others in order to be moral?  And what are the long term implications of redistribution of wealth?