Earlier quoted context omitted.
There will be a moment where the government will depend so much on the tech that if the tech cuts the supply, they are f... Who do you think will rule at that point? They just cannot fight that, they do not have the technology these companies have.
In that situation, it depends how much physical force the government has to compel the tech leader, and how much physical force the tech leader has to counter it. Usually, the number of bodies who will comply is the proxy for power, but with automation, it could be different in the near future. https://xkcd.com/538/
Regulation alone cannot control if it cannot be made effective.