That, too. In fact, if you spend a while listening to Corey Doctorow, you will start having an idea of exactly how much power they have, at this point.
It's not all that much worse than the legitimate government for being invasive, but it still amounts to being ruled by an aristocratic ruling class. I am not impressed with it. We have done this at other times in history, and it always ends in long-overdue reforms or revolutions.