Hyper-capitalist AND hyper-authoritarian. As you rightly point out the state has the ultimate power. Looking at the US govt, they've stepped in to coordinate much of the tech industry before, so they'll just do it again for "national security" or whichever hostile scheme is popular with the current administration.

I would argue the hyper capitalist endgame is necessarily authoritarian. A small group of corporations having direct or indirect control over the government