Adam Smith, an 18th century Philosopher, is generally considered the father of capitalism.  He was one of the figures that most influenced figures like Milton Friedmen, and is credit for the creation of laissez-faire capitalism and the "free market", two concepts that are often touted in the United States.  The thing is, the capitalism that Smith envisioned required a society to abide by the "fingers of the invisible hand", principles that are required for capitalism (as he knew it) to exist: no barriers to entry, no seller big enough to inflate prices, no producer holding pivotal private tech, no buyer
big enough to move prices down, and perfect (truthful) information for everyone.

Within the United States, however, the majority of corporations adhere to a framework referred to as the Porter Forces to ensure the strength of a business' position within an industry: ensure barriers to entry for new competitors, ensure there is no buyer big enough to deflate prices, ensure there is no producer powerful enough to inflate costs and hold technology or techniques that can not be replaced by competitors.

This means that the framework which modern American businesses adhere to are in direct contradiction to Adam Smith's invisible hand.  Do you believe this undermines the validity of Smith's veneration as the father of not just Capitalism, but American Capitalism as well, or not, and why?