In the 1980s there was a marked change of government economic policy: unprofitable heavy industry was no longer to be subsidised.
Piracy has the very real potential of tipping movies into becoming an unprofitable industry, especially big-event films.
Mr. Urban did not fault the substance of the Government's programs, particularly its efforts to close hopelessly unprofitable state-run industries.
Hugely unprofitable industries like coal and steel, with immense debts that are a drag on growth, are set for reorganization.
The wealth went largely to urban civil service bureaucracies or unprofitable state-run industries.
Moreover, many of those manufacturing enterprises are among the large, unprofitable industries that the Government, under its new industrial policy, would like to scale back.
Is it an unprofitable industry which we are discussing and which we really have to help by not imposing more taxes upon it?
Trying to protect unprofitable industry from international competition is therefore no permanent solution.
Let us stop subsidising unprofitable and unfeasible industries in Europe.
But unprofitable heavy industry, state monopolies, and opaque bureaucracies slowly stifled growth.