Of course it does. Do you think the elites actually WANT massive tariffs putting a brake on GDP growth? Why are tech companies suddenly reversing course on content moderation and/or DEI, after years of pushing in the opposite directions?
Private enterprise will always have some level of corrupting influence over government. And perhaps it sees current leadership as the lesser of two evils in the grand scheme. But make no mistake, government DOES ultimately have the power, when it chooses to assert itself and use it. It's just a matter of political will, which waxes and wanes.
Going back a century, did the British aristocracy WANT to be virtually taxed out of existence, and confined to the historical dustbin of "Downton Abbey"?