"And that is what is wrong here. Even the smallest nation should be far more powerful than the largest corporation"
Since nations can be really small, I don't agree.
This was my first thought too, but the largest corporations are way too large any healthy society.
Even the smallest nations have the legal right to permanently incarcerate, strip you of your assets or even murder you if you are in their sphere of influence. I would hope you'd agree those are not powers that we should grant to large corporations...
I think it's shocking how many people Google can affect through its search algorithms (more than any nation on Earth) and yet there is no democratic system to hold them accountable.