It does not need to be relative to anything to be “bad”.
A state-owned company in a totalitarian empire is part of a system that suppresses freedom of speech, uses forced labour, conducts genocide, seeks to undermine democracy overseas. That’s why it’s bad.
A state-owned company in a totalitarian empire is part of a system that suppresses freedom of speech, uses forced labour, conducts genocide, seeks to undermine democracy overseas. That’s why it’s bad.