At least on paper, capitalism is not synonymous with oligarchy. All these corporate entities rely for their existence and "profitability" on a legal system, a security apparatus, on vital for their operations utilities such monetary systems, educational institutions etc. etc. that are bankrolled by the collective.
Corporate legal entities are merely granted a license to operate within defined sandboxes. If society and its politics refuses to design sandboxes that will serve it well we should not expect to see the benefits of the invisible hand or whatever positive attributes might be associated with the design.
It is not rocket science. The first and most powerful rule which is related to this discussion is simply: don't give any toddler too big a sandbox. It gets on their head and the outcome is that the entire family suffers.
This supposes that the sandbox (ie the State) is somehow neutral and independent, which it isn't: in all democracies, the State has always been made by the bourgeoisie, for the bourgeoisie. Only the fact that it needs people to consume made it so that it appears to be a democracy, where people think they are in control when actually they must relinquish their power in the hands of someone else who hopefully will do the right thing.
To think, in 2023, that Capitalism doesn't lead to oligarchy is being voluntarily blind to history
Corporate legal entities are merely granted a license to operate within defined sandboxes. If society and its politics refuses to design sandboxes that will serve it well we should not expect to see the benefits of the invisible hand or whatever positive attributes might be associated with the design.
It is not rocket science. The first and most powerful rule which is related to this discussion is simply: don't give any toddler too big a sandbox. It gets on their head and the outcome is that the entire family suffers.