The invisible hand concept, as Adam Smith outlined it, simply does not work in the contemporary technical world. Here are quotes from Book IV, Chapter II of Smith’s “Wealth of Nations” that encapsulate the invisible hand argument:

“First, every individual endeavours to employ his capital as near home as he can, and consequently as much as he can in the support of domestic industry…”

“The capital which an Amsterdam merchant employs in carrying corn from Konigsberg to Lisbon, and fruit and wine from Lisbon to Konigsberg, must generally be the one half of it at Konigsberg and the other half at Lisbon. No part of it need ever come to Amsterdam. The natural residence of such a merchant should either be at Konigsberg or Lisbon, and it can only be some very particular circumstances which can make him prefer the residence of Amsterdam.”

“By preferring the support of domestic to that of foreign industry, he intends only his own security; and by directing that industry in such a manner as its produce may be of the greatest value, he intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention.”

This was in 1776, when the Pound Sterling was, literally, one pound of silver. When wealth is, again literally, so heavy, it makes sense to keep it close to home, where banking it and spending it will benefit the local economy.

Smith says that it would take “very particular circumstances” for the Amsterdam merchant to live there, rather than at one of the two ends of his trade. Today, 232 years later, the particular circumstance is here: global electronic transfer of capital augmented by cheap transportation. Then the merchant would have to lug pounds across great distances; today the money moves with a mouse click. The physical constraints that kept wealth at home in 1776 are completely missing today. Today money chases the lowest cost of capital production across the globe.

Two concepts that persist from the time of Adam Smith (which coincides with the American Revolution) until now are nation and society. While contemporary money can flow freely across the globe, the average person and family are tied to their homes and especially to their nation. As the gap between rich and poor spreads the United States, the wealthy can move their money and themselves where they want, without regard to the negative impact that this has on the economic well-being of non-wealthy citizens and the nation as a whole, while completely ignoring that is was these people and this nation that provided the circumstances where their wealth was initially created.
The technology of 2008 has eliminated the physical constraints and circumstances that made the “invisible hand” work in 1776. Smith noted that the merchant did not intend to benefit those around him; it just happened. Today, technology severed the proximate link between the wealthy and the society that they live in. The government that was instituted in 1776 recognized that its power came from the governed. It now needs to recognize that it is the best hope of citizens to reset the domestic economic playing field.

As your article mentions, the government must return to a policy of ensuring that the needs of the many are met and not subjugated by the greed of the wealthy few.