Intoxicated by power
Is the world’s electricity business setting itself up for a profit cut?
LENIN once said that communism would result from Soviet power plus the electrification of the country. Bosses of energy companies these days seem to believe that western management skills plus the electrification of the whole world will result in huge profits for their firms. Like Lenin's, this theory may well produce a pretty awful mess.
This article appeared in the Business section of the print edition under the headline “Intoxicated by power”
From the June 14th 1997 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Could seaweed replace plastic packaging?
Companies are experimenting with new ways to reduce plastic waste
Has Sequoia Capital outgrown its business model?
Venture capital’s hardiest perennial gets back to its roots
On stupid rules and quick wins
Why every boss can benefit from asking employees what most infuriates them
TikTok wants Western consumers to shop like the Chinese
It still has some convincing to do
Will the trouble ever end for Volkswagen and its rivals?
From strikes to Trump tariffs, calamities abound
After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers