strategy and business

THE COMMANDING HEIGHTS

It is pretty rare for an article in this publication to lead with a phrase popularized by that arch-critic of modern managerial capitalism, Vladimir Ilyich Lenin. He used it to refer to the group of key industries that make the economy function. Whoever dominates them, Lenin argued, calls the shots. But there’s another, more useful definition of the evocative term. Perched atop a redoubt, you have

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