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“Adam Smith is an egalitarian, he believed in equality of outcome, not opportunity. He is an enlightenment figure, pre-capitalist. He says, suppose in England, one landowner got most of the land and other people would have nothing to live on. He says it wouldn't matter much, because the rich land owner, by virtue of his sympathy for other people would distribute resources among them, so that by an invisible hand, we would end up with a pretty egalitarian society. That is his conception of human nature.” — Noam Chomsky
Adam Smith is an egalitarian, he believed in equality of outcome, not opportunity. He is an enlightenment figure, pre-capitalist. He says, suppose in England, one landowner got most of the land and other people would have nothing to live on. He says it wouldn't matter much, because the rich land owner, by virtue of his sympathy for other people would distribute resources among them, so that by an invisible hand, we would end up with a pretty egalitarian society. That is his conception of human nature.