How Did American Capitalism Mutate Into American Corporatism?

In the 1990s and for years into our century, it was common to ridicule the Government for being technologically backwards. We were all gaining access to fabulous things, including the internet, apps, search tools and social media. But Governments at all levels were stuck in the past using IBM mainframes and large floppy disks. We had a great time poking fun at them.