I think he’s referring to something like a surveillance state - folks in charge who know everything about you and wish to police all your behavior.
It’s a great quote from 70 years ago that speaks well to modern politics, but its application to Phillip Morris here seems to be a bit of a stretch to me.
You may be right, but he still dodges the comparison. His moral busybodies are "omnipotent", while his robber barons are not. I understand why this should be the case - were it otherwise, the thought of living under robber barons would not come off nearly so well - but I see no reason why it should pass without comment.
It’s a great quote from 70 years ago that speaks well to modern politics, but its application to Phillip Morris here seems to be a bit of a stretch to me.