Sorry but "If the corporation starts doing bad stuff they lose money and reform or eventually die" is just completely false. More accurate would be "the corpora

Sorry but "If the corporation starts doing bad stuff they lose money and reform or eventually die" is just completely false. More accurate would be "the corporation starts doing bad stuff that negatively affects the people that provide them capital _and_ those people have a viable alternative to turn to". Easy example that comes to mind, Nestle's exploits of the water-sources of communities that have no ability to fight back (see also, fracking).