Earlier quoted context omitted.
From a historical context, I do find it a bit odd this fear of "corporations". It's really difficult to argue that they function in any way as a cohesive group. Sure it can be argued that they're all profit seeking (some more than others) but the search of profits is done in such radically different ways. If anything, the power of corporations has been lessening simply because of the nature of the net/web (just think…
in a market the search for profit is the search for more efficiently serving aggregate preferences of consumers. allowing corporations to assume disproportionate control of the political process is almost assuredly a net improvement.
Besides, I don't agree with you, because it doesn't take into account externalities. When "efficiency" takes the form of polluting the river because someone else will clean it up, it most assuredly is not a net improvement.