Do you believe a private business will respect citizens if it does not respect their government?
Perhaps the American system of letting corporations run totally wild while neutering all regulation and legislation isn't the best way to protect citizen rights or create company's that respect citizens by default. But hey the dividends are great
The difference is that you can use "ensuring that the private org understands that the government of the people is in charge" for anything including abusing citizens rights
Viewing this in isolation isn't particularly helpful. I support regulation on big tech. I think the digital markets act is great. I certainly wouldn't trade that for CCP authoritarianism.
Lol, you should look up mining towns and how corporations treated their miners in the 1800s.
A corporation without a government to beat it into submission will treat you as a machine, to be used up and discarded and replaced. Come on! We've seen the bad side of unregulated business here in America, and it was extremely dark.
Living in a corporate mining town is basically just an authoritarian government on its own with extra steps imo.