Noam Chomsky on Adam Smith and “Invisible Hand”

An extra scene from an interesting documentary American Feud: A History of Conservatives and Liberals (2008/2017). Here, Chomsky explains that the conventional notion of “invisible hand” is mistaken and that though praised by conservatives and mainstream economics, it actually reflects Smith’s critique of, what we call now, neoliberalism, and doesn’t symbolize a “natural” or desirable economic situation.

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