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That would be right in a world where Corporations do no collaborate with the State, or lobby the State to get the laws they want.

In our world, State and Corporations are too friendly to each other.

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Sure in a way it's all part of the power structure that the elites use to run things. In another very meaningful way, they are competing power structures that help balance things away from outright totalitarianism. The distinction is not meaningless by any stretch of the imagination, even it the extent and depth is debatable.

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