[mochialex]

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.

[powerapple]

No. What you said has nothing to do with the state-owned enterprise. Is a piece of bread in your totalitarian empire bad? A state-owned enterprise provide employment, food and shelter for employees, and also provide social and economy functions for the general public.