I understand your point, but parent did not say it was a deliberate conspiracy. It could also be a dynamic that just happens to push in a certain direction.

For example, the push for deregulation that befenits corporates does not require a conspiring sect of CEOs to secretly infect the law making process, but the general thought frame that is pervasive among the boards of those companies will affect their actions and what think tanks they affiliate with. All the separate lobbies, think tanks (which by the way might be just operating under such disguise, but are funded by external state actors), external corporate consultancy agencies on which governments rely on -- all those might create a current that brings down democratic institutions with no one deliberately doing that, except for a few fascistoid nuts perhaps.

What is no surprise is that all those corporates and those deep state instutions work to further their own interest. The issue is that democracy has lost control of it, and now they are running wild.

Add in corporate media (that are from the same school of thought like those boards of giant corporates) in this mix and you have got a really nasty dynamic, where democracy is just something you need to manage with Public Relations and marketing.