[Const-me]

We have large body of dystopian fiction in all media (books, movies, TV, videogames, comics, etc.) about what might happen if the private entities accumulate more money and power than democratically elect governments.

I’m not saying we’re there just yet, but this Google’s stance is a step in that direction.

[VBprogrammer]

You don't even have reach as far as dystopian fiction. Look at the history of the Hudson Bay Company and the India Trading Company, private companies which were in effect defacto governments.