Noam Chomsky gets Adam Smith’s ‘invisible hand’ concept completely, utterly wrong

From PJM:

Chomsky — thought to be a genius in some quarters — somehow manages to get Adam Smith’s concept of the “invisible hand” completely inside out, backwards and just plain wrong. 

Chomsky, you see, told his audience that Smith was in favor of government intervention in the economy. 

Klagsbrun counters by quoting Smith at great length to prove otherwise (obviously). 

“If there is a valuable lesson to be learned from this,” Klagsbrun sums up, “it’s that radicals and anti-capitalists are not only dishonest, but they rely on the fact that the people who admire them are too stupid to be able to verify what they hear from the Chomskys, [Naomi] Kleins, and [Chris] Hedges of this world and correctly process information. Unfortunately, in that final regard, Chomsky and his ilk may not be wrong.”