Liberals, your take on the following quote?

"To embrace a collectivist system ... and thereby jeopardize sustained economic growth, inevitably misallocate scarce resources, and almost necessarily perpetuate destitution, hardly merits moral acclaim. Indeed, intellectuals in general and church leaders in particular who bewail the continued existence of poverty absolutely defined, and who state that they yearn for a world in which the hungry are fed, the naked clothed, and the destitute housed, yet who ceaselessly undermine the very system which, to date, has best done what they claim to value most, are, surely, moral imbeciles." -- The Reverend Doctor John K. Williams