Books

Going Infinite: The Rise and Fall of a New Tycoon

by Michael Lewis From the author of The Big Short and MoneyBall comes the story of FTX’s spectacular collapse and the enigmatic founder at its centre. When Michael Lewis first met him, Sam Bankman-Fried was the world’s youngest billionaire and crypto’s Gatsby. CEOs, celebrities and leaders of small countries all vied for his time and cash after he catapulted, practically overnight, onto the Forbes billionaire list. Who was this rumpled guy in cargo shorts and limp white socks, whose eyes twitched across Zoom meetings as he played video games on the side? In Going Infinite, Michael Lewis sets out to answer this question, taking readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy and the justice system. Both psychological portrait and financial roller-coaster ride, Going Infinite is Michael Lewis at the top of his game, tracing the mind-bending trajectory of a character who never liked the rules and was allowed to live by his own — until it all came undone. And just like Elizabeth Holmes of Theranos, it was all a bit too good to be true.

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Remake the World

Over the last decade, author and activist Astra Taylor has helped shift the national conversation on topics including technology, inequality, indebtedness, and democracy. The essays collected here reveal the range and depth of her thinking, with Taylor tackling the rising popularity of socialism, the problem of automation, the politics of listening, the possibility of rights for the natural and non-human world, the future of the university, the temporal challenge of climate catastrophe, and more. Addressing some of the most pressing social problems of our day, Taylor invites us to imagine how things could be different while never losing sight of the strategic question of how change actually happens. Curious and searching, these historically informed and hopeful essays are as engaging as they are challenging and as urgent as they are timeless. Taylor ‘s unique philosophical style has a political edge that speaks directly to the growing conviction that a radical transformation of our economy and society is required.

The Age of Unpeace

-Mark Leonard In the three decades since the end of the Cold War, global leaders have been integrating the world’s economy, transport and communications, breaking down borders in the hope of making war impossible. In doing so, they have unwittingly created a formidable arsenal of weapons for new kinds of conflict and the motivation to keep fighting. Troublingly, we are now seeing rising conflict at every level, from individuals on social media all the way up to nation-states in entrenched stand-offs. The past decade has seen a new antagonism between the US and China; an inability to co-operate on global issues such as climate change or pandemic response; and a breakdown in the distinction between war and peace, as overseas troops are replaced by sanctions, cyberwar and the threat of large migrant flows. As a leading authority on international relations, Mark Leonard has been inside many of the rooms where our futures, at every level of society, are being decided – from Facebook HQ and facial-recognition labs in China to presidential palaces and remote military installations.

A Field Guide to Getting Lost

By Rebeca Solnit Rebecca Solnit is one of those freelance intellectuals you hardly hear about anymore—unattached to any academic institution, dependent (I’m guessing) on the kindness of publishers. An apprentice to the world at large, she has made a life’s work out of scavenging for connections. Solnit’s offbeat oeuvre veers through history, politics, nature writing, literary criticism, and memoir. Even a partial list of her recent books—River of Shadows, a lauded biography of Eadweard Muybridge; Hope in the Dark, a tiny treatise on contemporary activism; and Wanderlust, a voluptuous history of walking—boggles the mind with the tantalizing promiscuity of subject matter. Solnit described Hope in the Dark as “a zigzag trail of encounters, reactions, and realizations.” A Field Guide to Getting Lost celebrates disorientation itself, zigzagging over so many topics that it’s often hard to keep hold of the thread. Explorers, urban ruins, country music, Vertigo, grandmothers, and endangered species all find themselves loosely lashed together in these wide-ranging, semi-autobiographical essays. The word lost derives from the old Norse term for “disbanding an army,” and Solnit fears that “many people never disband their armies, never go beyond what they know. ” InWanderlust she delved into the shrinkage of public space, and here she pursues the idea that children’s lack of opportunity to roam freely—”Because of their parents’ fear of the monstrous things that might happen (and do happen, but rarely)”—will strip away our culture’s sense of adventure and imagination. Wildlife has returned to many American neighborhoods because, “[a]s far as the animals are concerned, the suburbs are an abandoned landscape.” We live in an increasingly standardized environment, bouncing from one branch of Starbucks to another, and it’s almost impossible to get truly lost thanks to technology. Solnit believes that our fear of not knowing where we are is partly due […]

Elon Musk by Walter Issacson

Walter Isaacson is the author of biographies of Jennifer Doudna, Leonardo da Vinci, Steve Jobs, Benjamin Franklin, and Albert Einstein. This is the intimate story of one of the most fascinating and controversial innovators of our era—a rule-breaking visionary who helped to lead the world into the era of electric vehicles, private space exploration, and artificial intelligence. And took over Twitter. When Elon Musk was a kid in South Africa, he was regularly beaten by bullies. One day a group pushed him down some concrete steps and kicked him until his face was a swollen ball of flesh. He was in the hospital for a week. But the physical scars were minor compared to the emotional ones inflicted by his father, an engineer, rogue, and charismatic fantasist. His father’s impact on his psyche would linger. He developed into a tough yet vulnerable man-child, prone to abrupt Jekyll-and-Hyde mood swings, with an exceedingly high tolerance for risk, a craving for drama, an epic sense of mission, and a maniacal intensity that was callous and at times destructive. At the beginning of 2022—after a year marked by SpaceX launching thirty-one rockets into orbit, Tesla selling a million cars, and him becoming the richest man on earth—Musk spoke ruefully about his compulsion to stir up dramas. “I need to shift my mindset away from being in crisis mode, which it has been for about fourteen years now, or arguably most of my life,” he said. It was a wistful comment, not a New Year’s resolution. Even as he said it, he was secretly buying up shares of Twitter, the world’s ultimate playground. Over the years, whenever he was in a dark place, his mind went back to being bullied on the playground. Now he had the chance to own the playground. For two […]

Selling a Fantasy Future of the Metaverse, Mars, and Crypto

Jonathan Taplin is director emeritus of the Annenberg Innovation Lab at the University of Southern California and author of Move Fast and Break Things, which was nominated for the Financial Times / McKinsey Business Book of the Year. This is a brilliant takedown and exposé of the great con job of the twenty-first century—the metaverse, crypto, space travel, transhumanism—being sold by Peter Thiel, Mark Zuckerberg, Marc Andreesen, Elon Musk, leading to the degeneration and bankruptcy of our society. At a time when the crises of income inequality, climate, and democracy are compounding to create epic wealth disparity, these four business men are hyping schemes, designed to divert our attention away from issues that really matter. Each scheme—the metaverse, cryptocurrency, space travel, and transhumanism—is an existential threat in moral, political, and economic terms. In The End of Reality¸ Jonathan Taplin provides perceptive insight into the personal backgrounds and cultural power of Peter Thiel, Elon Musk, Mark Zuckerberg, and Marc Andreesen and shows how their tech monopolies have brought middle-class wage stagnation, the hollowing out of many American towns, a radical increase in income inequality, and unbounded public acrimony. Meanwhile, the enormous amount of taxpayer money to be funneled into the dystopian ventures of “The Four,” the benefits of which will accrue to billionaires, exacerbate these disturbing trends. The End of Reality is both scathing critique and reform agenda that replaces the warped worldview of “The Four” with a vision of regenerative economics that seeks to build a sustainable society with healthy growth and full employment.

Wasteland: The Secret World of Waste and the Urgent Search for a Cleaner Future

-Oliver Franklin-Wallis An award-winning investigative journalist takes a deep dive into the global waste crisis, exposing the hidden world that enables our modern economy—and finds out the dirty truth behind a simple question: what really happens to what we throw away? In Wasteland, journalist Oliver Franklin-Wallis takes us on a shocking journey inside the waste industry—the secretive multi-billion dollar world that underpins the modern economy, quietly profiting from what we leave behind. In India, he meets the waste-pickers on the front line of the plastic crisis. In the UK, he journeys down sewers to confront our oldest—and newest—waste crisis, and comes face-to-face with nuclear waste. In Ghana, he follows the after-life of our technology and explores the global export network that results in goodwill donations clogging African landfills. From an incinerator to an Oklahoma ghost-town, Franklin-Wallis travels in search of the people and companies that really handle waste—and on the way, meets the innovators and campaigners pushing for a cleaner and less wasteful future. With this mesmerising, thought-provoking, and occasionally terrifying investigation, Oliver Franklin-Wallis tells a new story of humanity based on what we leave behind, and along the way, he shares a blueprint for building a healthier, more sustainable world—before we’re all buried in trash.

Wifedom

Is the story of the marriage behind some of the most famous literary works of the 20th century —and a probing consideration of what it means to be a wife and a writer in the modern world. At the end of summer 2017, Anna Funder found herself at a moment of peak overload. Family obligations and household responsibilities were crushing her soul and taking her away from her writing deadlines. She needed help, and George Orwell came to her rescue. “I’ve always loved Orwell,” Funder writes, “his self-deprecating humour, his laser vision about how power works, and who it works on.” So after rereading and savoring books Orwell had written, she devoured six major biographies tracing his life and work. But then she read about his forgotten wife, and it was a revelation. Eileen O’Shaughnessy married Orwell in 1936. O’Shaughnessy was a writer herself, and her literary brilliance not only shaped Orwell’s work, but her practical common sense saved his life. But why and how, Funder wondered, was she written out of their story? Using newly discovered letters from Eileen to her best friend, Funder re-creates the Orwells’ marriage, through the Spanish Civil War and the Second World War in London. As she peeks behind the curtain of Orwell’s private life she is led to question what it takes to be a writer—and what it is to be a wife. A breathtakingly intimate view of one of the most important literary marriages of the twentieth century, Wifedom speaks to our present moment as much as it illuminates the past. Genre-bending and utterly original, it is an ode to the unsung work of women everywhere.

Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right

-Jayne Mayer Why live in an age of profound economic inequality? Why, despite the desperate need to address climate change, have even modest environmental efforts been defeated again and again? Why have protections for employees been decimated? Why do hedge-fund billionaires pay a far lower tax rate than middle-class workers? The conventional answer is that a popular uprising against “big government” led to the ascendancy of a broad-based conservative movement. But as Jane Mayer shows in this powerful, meticulously reported history, a network of exceedingly wealthy people with extreme libertarian views bankrolled a systematic, step-by-step plan to fundamentally alter the American political system. The network has brought together some of the richest people on the planet. Their core beliefs—that taxes are a form of tyranny; that government oversight of business is an assault on freedom—are sincerely held. But these beliefs also advance their personal and corporate interests: Many of their companies have run afoul of federal pollution, worker safety, securities, and tax laws. The chief figures in the network are Charles and David Koch, whose father made his fortune in part by building oil refineries in Stalin’s Russia and Hitler’s Germany. The patriarch later was a founding member of the John Birch Society, whose politics were so radical it believed Dwight Eisenhower was a communist. The brothers were schooled in a political philosophy that asserted the only role of government is to provide security and to enforce property rights. When libertarian ideas proved decidedly unpopular with voters, the Koch brothers and their allies chose another path. If they pooled their vast resources, they could fund an interlocking array of organisations that could work in tandem to influence and ultimately control academic institutions, think tanks, the courts, statehouses, Congress, and, they hoped, the presidency. Richard Mellon Scaife, the mercurial heir to […]

Power Failure: The Rise and Fall of an American Icon

The dramatic rise-and unimaginable fall-of America’s most iconic corporation. -William D. Cohan No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation. In a masterful re-appraisal of a company that once claimed to “bring good things to life,” William D. Cohan argues that the incredible story of GE’s rise and fall is not only a paragon, but also a prism through which we can better understand American capitalism. Beginning with its founding, innovations, and exponential growth through acquisitions and mergers, Cohan plumbs the depths of GE’s storied management culture, its pioneering doctrine of shareholder value, and its seemingly hidden blind spots, to reveal that GE wasn’t immune from the hubris and avoidable mistakes suffered by many other corporations. In Power Failure, Cohan punctures the myth of GE, exploring in a rich narrative how a once-great company wound up broken and in tatters-a cautionary tale for the ages.

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