What you posted about what Adam Smith wrote is correct. And reinforces exactly what I said. Corporate monopolies destroy the invisible hand. When wealth becomes concentrated in the hands of the very few at the expense of the rest of us, then the capitalist system is no longer working and competition is only between the very rich. And as Trust Busting TR showed, they don't compete.
Release Table for Q3 2025, Release Tables: Shares of Wealth by Wealth Percentile Groups. FRED: Download, graph, and track economic data.
fred.stlouisfed.org