The Financial Times and McKinsey
Business Book of the Year Award 2018 Winner:
Bad Blood by John Carreyrou
From Rupert Murdoch, Larry Ellison and Henry Kissinger to current US defence secretary Jim Mattis, a roll-call of high-powered investors were drawn to the future-tech promises of Elizabeth Holmes, founder of medical technology start-up Theranos. Promising a revolutionary blood-testing system, Theranos quickly attracted billions of dollars of investment with Holmes its perfect, charismatic ambassador. However, as Carreyou’s extraordinary account proves, all of it was a sham.
With all the intensity of a thriller, Bad Blood charts the downfall of Holmes and her Silicon Valley illusion. From Carreyou’s first tip-off in 2015 to the extraordinary legal pressure that followed, battling Holmes’ powerful influence, this is the compelling story of belief and falsehood amongst the global tech elite.
In 2014, biotech startup CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout who promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. One problem: the technology did not work. From the journalist who daringly broke the story, Bad Blood is the riveting tale of a $9 billion fraud, involving some of the biggest names in future technology.
Over the past two decades India has grown at an unprecedented rate, rivalled only by China. Yet while the ‘Bollygarchs’ revel in new riches, millions languish in their shadows, trapped in the teeming slums of the country’s megacities. The Billionaire Raj addresses the possibility of India attaining the status of the next global superpower, its author James Crabtree seeking out the leading players in this revolution and asking how – and if - its vast division between wealth and poverty will be overcome.
In Capitalism in America, the fabled economist Alan Greenspan distils a lifetime of grappling with the dynamics of American wealth creation into a thrilling and profound master reckoning with the decisive drivers of the US economy. Written in collaboration with Economist journalist and historian Adrian Wooldridge, this volume offers perhaps the ultimate analysis of enterprise in the United States, and questions America’s commercial dominance in the future.
Money for nothing. Promoted by thinkers on both the left and right, including the founder of Facebook and Obama’s chief economist, the concept of Universal Basic Income (UBI) has become one of the most influential policy ideas of our time. From Kenya to Silicon Valley, Annie Lowry lifts the lid to examine if UBI can actually work in practice, and to what extent our own prejudices might be holding the movement back.
Who determines value? In modern capitalism, value-extraction is rewarded more highly than value-creation: the productive process that drives a healthy economy and society. Taking has overcome making, and in this passionately-argued book, Mariana Mazzucato argues that to reform capitalism we need to urgently rethink where wealth is generated. Which activities create it, which extract it, which destroy it? How can we move from a largely parasitic system to a capitalism that celebrates sustainability?
For most of human history the rules of power were clear: power was something to be seized, and then jealously guarded. Under this 'Old Power' we lived in a world of rulers and subjects. The rise of the internet and the later phenomenon of social media has transformed the acquisition of power, allowing fringe figures centre stage and giving voice to the darker forces of the planet. New Power considers this changing dynamic and offers a roadmap toward our control of the future.