Power corrupts, end of story. Democracy (limited terms), taxation and anti-monopoly regulation are examples that show a path to cure the disease. Nobody should be trusted with too much power for too long.
Fully agree on the root cause, but not on the solution. We should strive for extremely limited power by our public representatives, so their corruption impact is reduced to a minimum. But not only limited power, but also limited budget access, as an extension to limit that power. And that actually means reduced taxation. But at the same time, the budget for justice system needs to increase. It should be most probably…
And a few millions of people suffering because they're being misled into buying "wellness" solutions.
And a few hundreds of millions of people around the world suffering the effects of local pollution and clean water laws being skirted.
And a few billion folks who are gonna suffer the effects of climate change.
etc...
Other than the 6-7 billion humans who suffer due to private company corruption, it's basically only the shareholders.