Why do you believe both can't be true at the same time? My kid hitting his sibling doesn't become okay just because I told him he could do it. A corporation acting abusively toward its employees and customers is greedy and evil whether or not the government lets it.
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It's the government assistance that removes most of the negative consequences. In a truly free market, competitors who don't treat you like crap would steal market share.
The shittiest corporations have the biggest regulatory moats, and government assistance.