I know it's polular to predict a dystopia future that resembles 1984; but I'm much more inclined to believe we are more heading into a Cyberpunk future where corporations hold the real power and nation states are more puppets for their will.
I believe we're more heading into an Idiocracy future where corporations also hold the real power (e.g. "Carl's Jr machine: Your kids are starving. Carl's Jr. believes no child should go hungry. You are an unfit mother.")
...also Heavy Weather
Pro tip: you can replace the O-ring that comes with the filter for a durable rubber one used for garden hoses for a real nice fit on the smartwater bottles, and have some extras because the worst is if you lose that seal (or it is damaged) and you are out in the wilderness.
Corporations held the real power in the US from ~1870 - roughly the beginning of the industrial revolution - until the vast Federal expansion of power and taxation of the WW2 build-up and thereafter.
Rockefeller single handedly stabilized the finances of the US Government by pledging his wealth as a support prop to JP Morgan. That premise is laughable today. The Federal + State governments spend the equivalent of a Jeff Bezos fortune every week. Meanwhile the US military is radically larger and more powerful than it was a century ago, as are all the agencies of the State.
If you think corporations are powerful today, the reality is they're hilariously weak compared to what they were a century ago. Further, back then there were very few regulatory restraints on corporations, while the giants were simultaneously drastically larger in comparison to the Federal Government and as a share of GDP. Most of the state governments barely even existed financially.
I've posted this here before, but the first half of this book "The Fourth Revolution" has a really great history of how western governments have grown into behemoths.
https://www.amazon.com/Fourth-Revolution-Global-Reinvent-Sta...
The 2nd half about moving more towards a Singapore style limited gov - which has proven to be wildly successful there - is less persuasive, even though is fundamentally well motivated. As I believe they benefit from being small by nature not just design. Smaller states > large federated countries, as federalism constantly gets eatten away by centralized growth towards the executive/federal gov, away from state power. Without a concerted push-back and a strong culture, federalism will always result in top heavy administrations, where fewer and fewer people have more and more power over the whole country.
You could say that about any form of government. I think it's human nature to want a single dictator, so the governed seem to eventually give their consent to one.
So no, it's not the same. The corporation in a modern state-capitalist context doesn't have to provide value to the public to gain power and wealth, merely influence the right people in politics. That's way different than private industry, and potentially far more destructive and wasteful of resources (see: "private" prisons which depend completely on government for survival and have little of the benefits of market functions like competition and growth via customer value).
Not to mention special interest groups, unions, influential individuals, etc also have significant pull in the government as well. It's not just corporations. There have been plenty of economic intervention by the government, politicians have hardly been monopolized only by (pseudo private) corporate interests.