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We're forever quoting Smith's more socialist leanings, but to the neo-liberals the statue matters more than the words or ideas.
Obama seems to be more interested in collecting sculpture than planting new forests.
As to your "co-option principle", I don't know why you assume it's something he "missed" - I suspect he would probably agree that others might well rewrite or reinterpret what he had said to argue something far different from his conclusions. I'm also pretty sure that he would argue why he thought that in such cases they were not really being rational. Maybe it's because I'm a Londoner - that I moved to Nice.
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