Original sentence: (A view he holds was held by Adam Smith).He also cites that laissez-faire capitalism exists only in the third world where it is forced on people.He also claims that the wealthy and powerful will not allow laissez-faire capitalism as against their interest and for laissez-faire capitalism to work, it would have to lead to equality of outcomes.He claims that Objectivists and Libertarians who follow objectivism want to transfer authority from democratic institutions like unions and democratic government to unaccountable hierarchal institutions such as transnational corporations.Linguist Noam Chomsky has described Objectivists as "extreme advocates of total tyranny"