> What I want to see is for government to do its job and stamp a big "DENIED" on OpenAI's request to reorganize

To what end? How thrilled would we be if an adversary nation did this to its golden goose?

> it's about the social contract we hold corporations to in exchange for allowing them to exist

Their job is to create wealth. For the time being, OpenAI is creating wealth to the tune of the GDP of the Phillipines or Norway [1]. If it's puffery, pursue it afterwards. If if not...we gained the annual production of a Nordic petrostate. When it goes public, we'll earn tax revenues equal to the entire economy of a small EU member.

Wealth doesn't make right. But I'm failing to see an incurable harm here that outweighs the upside.

[1] https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nomi...