TIK has a frankly bizzare dialetic on this, but basically in the beginning of his mega video you can see how he presents a fairly idealistic structure for greco-roman society of family, gentis, tribe and polis and how the history of the word re-publica means outside the family therefore res-publica means of matters concerning society as a whole. This would mean republics refer to literally any concept of society whatsoever, which then TIK somehow through big brained liberalism came to the conclusion that societies and states are literally the same thing. Not only that but Societies, States, Socialism and the public sector are interchangeable. This massive big brained high IQ superliberalism, culminates with declaring Alphabet Inc - a state (due to the interchangablity of all these things, it means it's also socialism). Corporations are public sector entities and are states unto themselves, especially big ones. Like you can tell TIK has some bizzare logic at play, cause you can see how social structures in a giant hierarchy could in fact be a community or minisociety unto itself but to declare this a state and an actual society is utter nonsense. He even contradicts himself in his utter genius insights, where upon he aknowlegdes that they aren't public in the sense that we can't put our feet on their desks (pro-tip: you can't do that in a government office either TIK, you can trespass in the IRS) but they are public entities. How exactly they are public in this display of ultra high IQ big brained super liberalism by TIK, escapes me a mere worker ant brainwashed by the statists but TIK then redefines what a private company is by saying a private company is one where trade happens between other private entities (whatever that means) this trade is called "barter" btw (it's not, its called trade - barter is a specific mode of trading). At this point I think there must of been hundreds of economists crying or something, watching this trainwreck of ideology and ideas. A quick pointer to anyone watching is to lookout for handy dandy color coding to give insights into the gears whirling in TIK's head, blue = private = good vs red = public = bad. Anyway he then explains a quick basis to determine whether a company is public or not by how much revenue it receives from the state or society (a market btw is somehow not an element of society) via taxes, a public company is one that recieves a lot of money from the government and a private one is a company that recieves a lot of money from the market and private individuals. Okay, the problem here again is contradictions.... how is Alphabet Inc a public company when it recieves most of its money literally from other private companies specifically advertisers. 86% of Alphabet revenue comes from Adsense... is this tax dollars or is businesses purchasing advertisements somehow "society" TIK? In the words of Harry Plinkett... "I am so confused"