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I see Big Pet has gotten to you ๐
There's a danger of power accumulating in any system. But there are mitigations. The greatest threat to this fantasy system are barriers to entry. If everyone has their needs met, then there can be a minimum wage of 0. With the minimum wage at 0, I think barriers to entry will drop dramatically and it'll be that much harder to protect "your" market share.
If we get rid of "intellectual property", barriers to entry drop even further. Switching costs can be minimized by open standards. But then we run into the harder questions of the physical barriers to entry (rent, commodities, factories) and regulatory barriers to entry.
With a reasonably low barrier of entry, I hope that there will be enough centers of power that are intrinsically opposed to one another so that they cannot combine and oppress us all.
And for any government, what's to stop them from oppressing us instead? The people always will have some mechanisms of control but every system will have its own difficulties and weaknesses. And the relationship isn't just companies becoming governments, but there are also governments becoming companies. In fact, I'd argue it is more common for governments to become companies than vice versa. Cuba's GAESA is in hotels, while Myanmar's Junta and the IRGC are pretty well diversified.
I agree with you, but you just invented Socialism again. You get your needs provided and the means of production are available for you to produce with. That's socialism.