Earlier quoted context omitted.
I feel this is only a partially true, at least in democratic countries governed by rule of law, because the threat is mostly only theoretical. While modern states are significantly more powerful they are generally governed by more rational actors who (both because of that and better access to information) are much better at estimating the consequences of their actions compared to medieval kings or other autocrats. Wh…
I think I totally agree, and see this as a substantial difference between corporations and feudal lords. They have entirely capitulated on force and are comfortable in this position. You say they only maintain this position by choice, but what choice do they have otherwise? It is hard to imagine Apple, Google, Facebook having any success if they changed their mind and decided to challenge national governments like US…
They get the freedom to focus on their business, within the bounds of the law, by ceding violence authority to the government. And in return, the government establishes and enforces those laws.