I don't know of a better idea than a system of checks and balances between gov, private corporations, and the people.

The thing is each of those serves useful functions so it would be harmful to eliminate or neuter any one of them.

So it seems clear to me there is a lot of value in a division in power between all three. But the trend has been towards more government power, and to more private capital in fewer hands.

I'm sure there is a better way than having this framework, I just don't know if anyone has come up with it yet.