It's the 21st century now. We might need to reevaluate whether private enterprise has grown powerful enough that it needs to have similar restrictions as well.
Coca Cola has murdered union reps, and fruit companies have used actual government militaries as tools of their own game, too.
Hell, it's a primary trope in cyberpunk -- mega-corps having their own private ninja cyborg army, and with the growth of Iraq-era military contracting, it's not crazy to see that happening.
"By 1803, at the height of its rule in India, the East India company had a private army of about 260,000—twice the size of the British Army"
YT's spam filter is notoriously terrible so I don't think this is far out there.
Another example of companies bowing down to China: https://www.reuters.com/article/china-basketball-nba-espn/es...