I don't get the point Ustwo is trying to make (that the U.S.S.R. was a communist country, with 4 words in its name until it went bankrupt?) but will put it down to me missing something, rather than just being a non sequitur.
This is already happening all around the world, where rich western corporations move into nation states and either with the backing of their western governments, or sheer force of cash, manage to operate on entirely their own terms, flaunting local laws, because they can.
Examples might include
Union Carbide, various 'sweatshop' operators, and historically, over 200 years ago, such things as the
East India Company (who's flag seems kind of familiar don't you think?) - So yes, this has been going on for a long time, but not necessarily always with entirely positive results.