Yes, but governments are or should be accountable to the state, which imposes rules thereby verified and rattified by civil society and their representatives.

Yes, but governments are or should be accountable to the state, which imposes rules thereby verified and rattified by civil society and their representatives. Second point, though weaker on its own merit, is that the State's primary objective is to improve the commonwealth by acting as proxy to the collective effort, regulating compromise etc which are paternalistic without a doubt. Private corporations exist for entirely different reasons though this probably wasn't always the case. In our world, corporations can make massive losses, have no working product, or be of such marginal value and yet be valued for billions by speculators in the free market. Its all random and irrational. States cannot operate like that.