The Fifth Risk


Michael Lewis [2 months ago]

The Fifth Risk Book Cover

Download The Fifth Risk Free eBook - Michael Lewis. New York Times Bestseller

What are the consequences if the people given control over our government have no idea how it works?

"The election happened," remembers Elizabeth Sherwood-Randall, then deputy secretary of the Department of Energy. "And then there was radio silence." Across all departments, similar stories were playing out: Trump appointees were few and far between; those that did show up were shockingly uninformed about the functions of their new workplace. Some even threw away the briefing books that had been prepared for them.

Michael Lewis’s brilliant narrative takes us into the engine rooms of a government under attack by its own leaders. In Agriculture the funding of vital programs like food stamps and school lunches is being slashed. The Commerce Department may not have enough staff to conduct the 2020 Census properly. Over at Energy, where international nuclear risk is managed, it’s not clear there will be enough inspectors to track and locate black market uranium before terrorists do.

Willful ignorance plays a role in these looming disasters. If your ambition is to maximize short-term gains without regard to the long-term cost, you are better off not knowing those costs. If you want to preserve your personal immunity to the hard problems, it’s better never to really understand those problems. There is upside to ignorance, and downside to knowledge. Knowledge makes life messier. It makes it a bit more difficult for a person who wishes to shrink the world to a worldview.

If there are dangerous fools in this book, there are also heroes, unsung, of course. They are the linchpins of the system—those public servants whose knowledge, dedication, and proactivity keep the machinery running. Michael Lewis finds them, and he asks them what keeps them up at night.


Book Review:

Oct 01, 2018 – Lewis (The Big Short) exposes a less sensational but significant danger posed by the Trump administration's approach to governance. As he recounts in an ambiguously sourced prologue, Trump's transition team actively refused to learn about much of what the federal government does, and made ill-considered leadership and budget choices regarding three obscure, but vital, agencies: the Departments of Energy, Agriculture, and Commerce. Members of each department in the Obama administration prepared detailed briefing materials to educate incoming appointees about the agencies' missions and responsibilities, only to have their work ignored or discounted; for example, when Trump's commerce secretary, Wilbur Ross, was told that the department's mission was mainly science and technology, Ross responded, "Yeah, I don't think I want to be focusing on that." Lewis accessibly explains the important things that Energy, Agriculture, and Commerce actually do, including "reducing the world's supply of weapons of mass destruction," safely disposing of nuclear waste, administering nutritional assistance programs, and collecting data to improve weather forecasting. He also persuasively documents the dangers that result from placing people without the necessary skills in charge of these departments and from cutting funding. This is an illuminating primer on some of the government projects most crucial to the well-being of the populace, and its relevance to readers won't end with the Trump era.

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Title::The Fifth Risk
Author::Michael Lewis
Category: Politics & Current Events
Published: Oct 02, 2018
Publisher: W. W. Norton & Company
Seller: W.W. Norton & Company, Inc.
Print Length: 256 Pages
File Size::1.59MB
Tags: fifth


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