Yes, I agree that you can see examples in some parts of the world and in some time periods (including today) where even uncoordinate corruption is very damaging to a society. But - and this is important given the context in which I started talking about this - it does not appear to be a pathway to regulatory capture nor the formation of giant corporations in the sense that was proposed up-thread, in which a powerful "federal" organization is used to enable such organizations to exist.