The scenario that you are proposing is on the context of decentralized actor, government or individual. or group.
For as long as their are other token holder out there that can counterbalance/offset the malign intentions of other users, we still have a chance.
Even if steemit inc. play as bad actor, those who knows the code, those who have stakes, those who have alot of money to buy stakes, join the battle, an equalizing effect could happen, and the platform will not fall.
Keep the developments on decentralization moving.
Let us be vigilant to these bad actors, you @crypto.piotr have bigger stakes compared to me, so you have bigger responsibility to uphold the system, protect the weak, and still there many out there who are willing to be a hero in any form that they can.