Sure. What are corporations, monsters from outer space?
Corporations are LEGAL CHARTERS. If you want industrial society - central heating, affordable meat, plumbing...you need specialized crafts, Economies of Scale, property rights.
What we have here, is an Elite Leadership Class gone completely mad. THAT has happened before. We have seen it in France, England and Russia in various times. Our Elites in our world, are not dukes, earls, marquises like those of pre-Revolution France. They're not dictators like Stalin - although as contemptuous of those they see as their lessers.
They're the moneyed class, who have discovered, in the last 20 years, it's moar easy to become rich through money-printing and seigniorage than from selling products that meet the needs of those Little People.
These Elites, as a class, have moved in their minds from First of Equals, to a Leadership Class, to those who have power and wealth for natural deservance...to those deigned by Gaia to SAVE! THE! PLANET!
They're going to do this under the half-baked precepts of Thomas Malthus.
The problem here, is, essentially, unearned or easily-obtained wealth, plenty of leisure...and a cultivation, by academics, of a cultural self-loathing.
I don't see what abolishing corporations would do, other than make the manufacture of automobiles and ships and operation of railroads, the sole province of government. One man in a shop is not going to make a fleet of Peterbilts, nor will he have the resources, or take the personal financial risk, of building or operating a railroad.