In a democracy, we have a way to limit the power of our government -- but what's the way to do that for those in power who are not in government? The traditional approach has been to use government power to check non-government power, but this seems to run counter to the whole "limiting the power we give to those in power." But if we don't use government power to check outsize private power, then we are again ceding too much power.
My own view is that the answer is less about how much power we grant than about how much accountability there is -- ie, broader and deeper democracy. But that seems to work mostly in theory; in practice this often gets circumvented by those with power and we get shallow democracy with limited accountability and thus unsatisfactory restrictions on both governmental and non-governmental power.
I agree that we need norms that limit any concentration of power. We've had anti-monopoly laws on the books for 130 years that serve a valid purpose. We may need to look at more laws to deal with recent constructs, I.e. platforms. I can see a superficial contradiction between not wanting government power, and giving government the power to break up monopolies or platforms. But if the overall goal is a restriction on how power can be concentrated, it's still in keeping with the idea of limiting what "those in power" can do.
I'm sure I've missed something. I definitely take your point.
Isn't this an argument for limiting the power we give to those in power? It's unrealistic to think that only people who are right will be in charge (I doubt I need to give examples). The realistic thing is strong controls on the power they wield, to that "short sighted masses" cannot take over. This idea underpins liberal democracy.