Corporations are more powerful than governments. Take a any unscrupulous corporation from the real world...like Electronics Arts, now take that unscrupulous corporate culture and crank it up to eleven, while giving them a private army and actual control over your life. Does that sound like a fun future?
The gulf between rich and poor is wider than it has ever been in what used to be the United States, and while a small minority are swimming in wealth and living decadent lives full of excess, the majority of the population is living in crushing proverty.
The average person isn't even eating "real" food regularly. They're eating kibble, a mass produced nutrient mix. It is said to smell and taste like dog food.
Then there is the fact that many neighborhoods are outright warzones that make the most crime-ridden neighborhoods in the real world seem safe by comparison.
Or that there is little to no social safety net. Caught a stray bullet while crossing the street, but don't have many eddies and no private insurance? Good luck.