@jmw150 I think this is an interesting take; however, I have a slight addition to it. I distrust corporations because their objective function is out of balance with the rest of reality: i.e. the maximization of profit at all cost. This is their fiduciary responsibility to their stake holders, and any deviation of that leaves them liable to legal action. This is very similar to the idea of creating an AI to make paperclips which can ultimately lead to the universe being made entirely of paperclips, if left unchecked.
E.g. if Pepsi wants to reduce the amount of sugar in the drinks, but Coke doesn't do the same, Pepsi will lose market share. Therefore, any action that these companies could/should take to help reduce obesity (particularly in the US) is nullified by the potential reduction of their market-share.
Before you comment "but muh freedom to consume what I want" you should consider the work on "rational addiction" which was performed on people addicted to sugar. While it states that addiction is a subset of rational behavior when considering the warped reward function of addicts, the fact is this warped reward function is actively harming consumers, and is perpetuated by the corporations providing the addictive substance.
At this point, only the government can control these entities, which leads to a form of fascistic capitalism/cronyism, with little to no regard for the workers/consumers welfare.
Additionally, corporations are designed to reduce the risk that any individual within the corporation feels as a result of mistakes/malpractice, but they still have similar legal rights as individuals. This makes no sense: there should be tradeoffs for the advantages you receive by incorporating. This would allow smaller, unincorporated business owners to try to compete against long-standing incumbents without as much of a significant overhead requirement, despite the relatively higher personal risk.
Long story short, I like capitalism, but we've allowed it to move from serving the consumer to controlling the consumer, which is leading to some negative outcomes that I think need to be addressed. I think the primary way to address it, is through adjusting the incentive structures that keep corporations operating solely in a profit driven way.
@johnabs Hmm. I meant to say large groups of people think in a very different way in aggregate than individuals.
People also distrust large groups with complex goals, like governments, and other non-business organizations as they get bigger.