I'm a child of the 80s and I always went for option #4.
I am very wary of "X always ends up as Y" arguments. If you don't like big companies abusing power, then close the loopholes or break them up (though I much prefer the former). If you don't like big government abusing citizens, then change the laws to limit government.
I like big government because they really do tend to work towards the public good. Look at healthcare or welfare in Australia for an example. I like big tech because they really do increase economic efficiency, and drive technology forwards.
I think as poorly of the conspiratorial thinking of #4's as they do of the "dark side".