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The problem is that the second the federal government fully collapses and states are left on their own, a majority of them will become captured by megacorporations or China. Red states like Mississippi just fail to function on their own, they would require an entity with seriously sizable funding to subsidize them, and the number of entities that can fit that bill is pretty small. Even if these red states band together...they're the worst states. 5 of them together doesn't equal the income brought in by places like California or New York, who would perhaps instead enjoy a large surplus of state funding they could make use of and maintain individuality in the face of a corporate dystopia.
They would still be among the wealthier countries on the planet. Mississippi is wealthier than the UK outside of London. They'll manage just fine. As far as corporate corruption, well they can be responsible for their own sins.