If elected, Castillo promised in a speech directed towards foreign businesses that he would not nationalize companies in Peru, saying that those seeking the nationalization of industry within his party were part of the far-left.[1] Some of his main economic proposals are to regulate "monopolies and oligopolies" in order to establish a mixed economy and to renegotiate tax breaks with large businesses.[2] Castillo has made statements supporting increased regulation, directly criticizing Chilean companies Saga Falabella and LATAM Airlines Group.[82] Citing the fact that LATAM owes Peru nearly $1 billion, Castillo called for a state-owned national airline.[82] In an interview with CNN, he stated that if elected, he would hold discussions with businesses to ensure "that 70% of profits must remain for the country and that they take 30%, not the other way around as it is today."[4] Kahhat explained that Castillo proposed the taxation of windfall profits, with the professor describing such profits as "the product of good international prices and not the merit of the company itself", with such policies being similar to those enacted by President of the United States Jimmy Carter.[5]