Financial Times Business Book of the Year 2022 - The Shortlist
The Financial Times has announced the shortlist for this year's Business Book of the Year Award. The winner will be announced on December 5th and will receive a £30.000 prize.
The shortlisted titles explore the challenges of global capitalism, from energy politics to chip shortages and we're happy to see three B&G titles among them:
Chris Miller: CHIP WAR: The Fight For the World’s Most Critical Technology – Scribner/S&S
Power in the modern world - military, economic, geopolitical - is built on a foundation of computer chips. America has maintained its lead as a superpower because it has dominated advances in computer chips and all the technology that chips have enabled. (Virtually everything runs on chips: cars, phones, the stock market, even the electric grid.) Now that edge is in danger of slipping, undermined by the naïve assumption that globalising the chip industry and letting players in Taiwan, Korea and Europe take over manufacturing serves America’s interests.
Economic historian Chris Miller recounts the fascinating sequence of events that led to the United States perfecting chip design, and how faster chips helped defeat the Soviet Union (by rendering the Russians’ arsenal of precision-guided weapons obsolete). The battle to control this industry will shape our future.
Matthew Campbell and Kit Chellel: DEAD IN THE WATER: Murder and Fraud in the World's Most Secretive Industry – Ross Yoon Agency
In July 2011, the oil tanker Brillante Virtuoso was drifting through the treacherous Gulf of Aden when a crew of pirates attacked and set her ablaze in a devastating explosion. But when David Mockett, a maritime surveyor working for Lloyd’s of London, inspected the damaged vessel, he was left with more questions than answers. Soon after his inspection, he was murdered.
Dead in the Water is a shocking expose of the criminal inner-workings of international shipping, an old-world industry at the backbone of our global economy. Through first-hand accounts of those who lived the hijacking – from members of the ship’s crew and witnesses to the attacks, to the ex-London detectives turned private investigators seeking to solve Mockett’s murder – award-winning reporters Matthew Campbell and Kit Chellel piece together the astounding truth behind one of the most brazen financial frauds in history.
Sebastian Mallaby: THE POWER LAW: Venture Capital and the Art of Disruption – The Gernert Company
Innovations rarely come from “experts.” Jeff Bezos was not a bookseller; Elon Musk was not in the auto industry. When it comes to innovation, a legendary venture capitalist told Sebastian Mallaby, the future cannot be predicted, it can only be discovered. Most attempts at discovery fail, but a few succeed at such a scale that they more than make up for everything else. That extreme ratio of success and failure is the power law that drives venture capital, Silicon Valley, the tech sector, and, by extension, the world.
Drawing on unprecedented access to the most celebrated venture capitalists of all time, award-winning financial historian Sebastian Mallaby tells the story of this strange tribe of financiers who have funded the world’s most successful companies, from Google to SpaceX to Alibaba. With a riveting blend of storytelling and analysis, The Power Law makes sense of the seeming randomness of success in venture capital, an industry that relies, for good and ill, on gut instinct and personality rather than spreadsheets and data.