Communism 2.0: Governments + Corporations = Better world, Right?

Yesterday I went to see the documentary “Inside Job” which illustrates how the financial sector made hundreds of billions of dollars by making bets against their own investments which were designed to fail. How were they able to pull off the greatest robbery in human history if full view of the public? Well, first they got their executives appointed to government positions and had them burn the regulations put in place after the great depression to protect the public from unstable and predatory financial practices. Then they consolidated into groups so large that their failure would threaten the economic stability of the world. After that it was open season to make whatever risky bets they wanted. Then, when the floor fell out of the market, the banks turned to Uncle Sam and said, “If we go down, everyone goes down.” At which point congress easily coughed up a trillion dollars that the bankers got to keep, no questions asked.
My point is that government deregulation imposed by corporate interests almost always makes things worse. In the reading, I can see this happened in the radio industry a while ago. When the telecommunications act was passed in 1996, it pretty much eliminated all regulations on radio station ownership, and what we got was a white wash of homogenized crap on the airwaves. Corporations only look out for themselves, and when they don’t have to follow any rules they will attempt, and often succeed, at taking over the whole system. Once this happens we are often left with inferior products because the companies see no need to improve or innovate in the face on zero competition. It basically amounts to a form of corporate communism, and suffers from the same shortfalls that the Soviet Union suffered during its short tenure in human history. Deregulation is un-American because it ends up crushing competition under the guise of encouraging it, but since corporate cronies are still allowed to serve in government positions I can’t see the deregulation bandwagon rolling to a stop anytime soon.