This argument has solid logic, but I don't agree with underlying view of the world. The governments of the world can, and do force tech companies to do whatever they want in terms of privacy, security and other stuff. GDPR and Article 13, Net Neutrality, censorship and privacy issues in Russia and China... The only pushback I've seen by corporations is by PR and lobbying, and in the end, politicians seem to do whatever they want. Yes, company may be even wealthier than the government - but as long as government has monopoly on violence and can enforce it laws, corporations would only be comparable to banana republics and african failed states.
Look at what happened when people tried to introduce Linux in the public sector in early 2000s at regional level - Microsoft promptly bought up anyone who could be bought, country by country, with discounts and (likely) bribes.