Yeah pretty much, they're basically, at their core, private contractors, whose nearly sole customer is governments.

Governments outsourced the management and operations of the Torment Nexus, not because they were forced to or didn't want or didn't have the resources...

... They were just too incompotent to do it themselves.

So... yeah, now they're now functionally part of the government, of multiple governments actually.

This is how we ... get to? Or have arrived at? ... just actual cyberpunk dystopia, where the Corps just are, in every meaningful way, on top.