By definition, “companies” are incentivized to prioritize capital pursuit over moral pursuit. It’s actually the most fundamental part of the whole concept.

Many democratic governments in the world, and particularly the most wealthy and powerful ones, are run by people who are (to a large unmeasurable extent) incentivized to do what companies want them to do. This is not a fundamental concept of a democratic government, but as long as the electorate fails to take responsibility for their own government’s behavior, the incentives remain in the company’s favor, which doesn’t make a very good case for democracy.

Democracy is a very slippery concept. America, for example, is well understood to not be a democracy, but it’s people seem to have convinced themselves it is. These kinds of miscalculations are really at the root of “why not”.