Your take is naïve and over simplified at best. While there's argument to be made that shareholders of publicly traded cooperation perform the same "responsibi

Your take is naïve and over simplified at best. While there's argument to be made that shareholders of publicly traded cooperation perform the same "responsibility black hole" function as politicians and voters do for government but more importantly the exact failure modes tend to be different. Shitty governments just kinda limp along creating misery forever. There's very little pressure upon them to not suck compared to the alternatives. Companies tend to either go tits up or get acquired if they get real bad and they don't have captive markets to the same extent that governments do. Though of course companies are always trying to get the sorts of captive markets that governments have.