I’ve just listened to that podcast.
Yes. Massive, unaccountable commercial power. I’m not at all surprised. Decades ago it seemed to me that commercial concerns would amass ever greater monetary power, which would overtake the power of one national government after another. Cooperation among national governments seemed the only way to counter this, since the larger commercial powers straddle multiple nations and can play governments off against each other. The most monetarily successful commercial powers will also grow by taking over lesser ones. Maybe the end result will be that the entire world will be under the effective control of a single corporation; there seems to be an inevitable positive feedback in that direction.