You've explicitly rewritten it as "if X, then maybe Y", exactly as I said.
"If corporations write the laws, then maybe they will restrict or mistreat their users." That's not a law.
"If corporations write the laws, then maybe they will restrict or mistreat their users." That's not a law.
As soon as profit maximization is at odds with the user's interests (that's pretty much all the time), the corporation will naturally act against the user's interests.
From this, I'm pretty sure "law" is a relatively accurate descriptor.