Even the most BASIC economic formula says maximize profit.
It also says cut the waste.
Why would any business person engage in business where NOT ONLY are a large portion of profits seized by the govt, but then the same govt ABUSIVELY WASTES this profit by funneling it to programs that ultimately help destroy these same businesses?
No matter what party any corporation or business affiliates itself with, one thing is for sure, losing profit will eventually destroy it
This government reminds me a lot of the one in Venezuela, except they are even less competent (so far) and can’t just print and spend money that doesn’t exist.
The nationalized oil sector has tens of thousands of surplus employees, ‘jobs’ for loyal Chavistas. They should be raking in the dough but they are so incompetent the country is impoverished.