First of, I never follow media and their reporting, however, if their information is based on logic and authentic precedent then i believe we should all give it a good thought. Your objection is sound and is based on factual realities but we should understand one thing that such objections toward this process of democracy had been raised all over the world in different intervals of time. After Glorious Revolution of 1689 of England, the first step towards democratic form of government was taken, it wasn't ideal because corruptions of wicked MP's of Parliament went sky high, Feudal lords were mostly the controlling factor of politics who took coercive measures to control their peasants but at the end it changed because the system at the end rejected such administration, and after agrarian revolution feudal lords of parliament were reduced to a minor force. Their position was occupied by another strong force i.e industrialists, and they vanished after famous labor movement of England. Now no matter how strong the coroprations are in the world but they cannot dare to tax evade or abuse their work force. Such changes will come but first we have to believe and think positive.