Earlier quoted context omitted.
You are comparing badly functioning government with businesses functioning as intended. At least there's ability to enforce governmental responsibility through elections and free press. Facebook can be leveraged in no other way then through government regulation, even if you opt out from facebook it still watches you, and good luck even understanding of what's going on if you're not a technical person.
Taking an average over the world, most governments are badly functioning and they've been that way for years if not centuries. Business on the other side, tend to be punished by the markets when misbehaving and then course-correct.
That only happens when there are regulations to run afoul of and/or a company is not a monopoly. Without government companies would be free to pollute the environment, cheat customers, and abuse workers to breaking point. The market wouldn't punish those companies if all the companies in the market were doing the same kinds of things, which is what would happen if said bad behavior was profitable.
"Oh you don't disagree with Exxon poisoning community water supplies and using a private army to seize land from indigenous people? Tough luck, Shell and BP are doing the same thing."
Yeah most governments leave a lot to desire in efficiency, fairness, effectiveness, etc. But a world where corporations are the only ones who set the rules would be far worse.