Judging that just several years ago Soviets managed to starve another million of their citizens, I'd say Einstein was utterly naive.

I did say “relatively”. As in relative to when 11 year olds were mining coal.. but you’re right, in absolute terms there’s no such thing as egalitarian capitalism, and even during the period I talked about it required 90% tax rates on the super wealthy.

I think it has to be acknowledged that this quote comes from an article titled "Why Socialism?" explaining why people should be socialist. It's not exactly intended as a neutral observation.