That's putting it mildly. Business has a place, but it should be serving society, not dictating how it is run. I'm reminded of this excellent speech in one of my favourite films, The Magic Box, about William Friese-Greene the cinematic pioneer:
“You big businessmen are all the same. Just because you can read a profit and loss account and know where to sign your name on a bill of exchange, you think you’re entitled to tell the rest of the world what to do. The big business oracles! Anything that isn’t busy making money for you is a waste of time. Anything you can’t understand is a crackpot experiment. But remember this! If it weren’t for the crackpot experiments and the people who make them, most of you businessmen wouldn’t exist at all. Except as marketplace peddlers!”