But your simplistic interpretation blithely ignores a whole bunch of things: (1) Government has ALWAYS had jurisdiction over private ("free") enterprise in many different ways. Look at zoning regulations, building codes, etc. These have existed for many many years. That hardly means that government is "in bed with" private enterprises. (2) Such cases have
always been adjudicated with fair compensation for the property owners (who can still litigate if they believe that the settlement is not just). Your doubt that compensation will be fair flies in the face of the facts. (3) This case was decided to be applicable only under the specific, narrow grounds that
a public interest is served - while you approve of property being condemned and purchased in order to build public facilities to serve the public interest, you ignore the fact that property may be condemned and purchased in order to achieve other public objectives, such as clearing slums, making the community more desirable, adding to the tax base, etc - all of which
do serve the public interest. This narrow decision highly circumscribes the situations in which it is applicable, and is NOT the carte blanche for government to assist any private enterprise, anywhere, as you seem to be falsely trying to interpret it as.
Also, I doubt that the Founding Fathers had any concerns, one way or another, about our country moving towards an economic and political system that wasn't even imagined until a full century after the country began.