Not really. Smith's "the butcher, the brewer or the baker" are the REAL people.
Corporation is a legal CONSTRUCT and a curtain behind which the actual players can hide to avoid personal responsibility. This can be beneficial for the society as the incorporated people might experiment without much fear.
If the general benefits from this immunity are larger than the losses from unprosecuted errors/fraud then the allowing, maintaining, protecting or even subsidizing by the taxpayers makes sense. If corporations become the tool for looting, treason and impoverishment then it is time to end the shell game.
So, if these REAL people outsourced their work you wouldn't complain about it? That would be OK? It's only when a corporation does it that the practice is evil?