The root issue is still government having absurdly asymmetric power over you.
If the government weren't legally able to use the toilet bowl cleaner companies data against you, it wouldn't matter.
The problem is us giving governments the right to use this data against us (passports to access the internet, messages being under constant surveillance, etc.)
In Europe we're happily handing over our rights every day so that governments have more power over us (supposedly to "protect" us from the big bad evil American tech companies).
Except, Google just wants to make $100/yr off me instead of $50/yr by me voluntarily choosing to use them.
Meanwhile, EU governments want to literally control what I think and feel and do, and take out $100,000 in debt on the backs of each of my children (we're at 115% debt-to-GDP in France) to fund this nightmare surveillance state.
>The Root Issue
Look trying to separate them is foolhardy. Corporations exist due the limitation of corporate liability provided by government. There's no scenario where you have a corporation without government. A corporation will sell you out wholesale to continue having the right to make 100 bucks a year off of people.
The law can change. Which is why it's better if that data was not collected in the first place.
Plenty of companies collecting data are operated by people who want to control what you think, feel, and do both for profit and based on their owners personal beliefs.