Governments are incapable of running a business at a decent profit.
This reminds me of a story someone told back when the Soviet Union was at it’s height.
They were on the Trans-Siberian railway far out in the sticks of subarctic Russia. At a station stop the person noticed a long eastbound train loaded with dimensional lumber, in the hole (the siding).
In the distance, a westbound freight could be seen approaching. As it finally rushed by, the observer noted that it was also loaded with dimensional lumber, bound for wherever the other train had originated from.
Such are the perils of centralized government economic planning.