Apart from your point being a complete non-sequitur (an example doesn't prove anything), you ought to look at the history of IG Farben (aka Bayer, BASF and other). Or how privatisation is getting to the carceral industry (thank you USA for giving the world the signal that this is the way to go). Or how Total and others high-stakes companies are mixed up with private mercenaries and dealing with terrorists in the middle east. Or how child labour is conveniently hidden behind layers of subcontracting in the electronic and fashion industry.

Private companies are all over the place in the facist avant-garde (and this is very relevant today).

At least i can vote, inquiry and have theoretically have some means of insight and control into my state, because afaik i don't have these powers, not even in theory, for private megacorps (which in fact have quite much in common with states).