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The New York Times Bestseller, with a new afterword
"[Michael Lewis’s] most ambitious and important book." —Joe Klein, New York Times
Michael Lewis’s brilliant narrative of the Trump administration’s botched presidential transition takes us into the engine rooms of a government under attack by its leaders through willful ignorance and greed. The government manages a vast array of critical services that keep us safe and underpin our lives from ensuring the safety of our food and drugs and predicting extreme weather events to tracking and locating black market uranium before the terrorists do. The Fifth Risk masterfully and vividly unspools the consequences if the people given control over our government have no idea how it works.
- LanguageEnglish
- PublisherW. W. Norton & Company
- Publication dateOctober 2, 2018
- File size4176 KB
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The fifth risk did not put him at risk of revealing classified information. “Project management,” was all he said.Highlighted by 3,649 Kindle readers
From the Publisher
Praise for The Fifth Risk
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Editorial Reviews
About the Author
Review
― New York Times Book Review
"Fascinating―and at times harrowing…. Lewis tells an important and timely story, one that all of us who pay for, care about, and want government to work should hear."
― NPR
"A hymn to the 'deep state,' which is revealed as nothing more than people who know what they're talking about."
― Cory Doctorow, Boing Boing
"[A] spellbinding, alarming analysis of the most serious threats to Americans’ safety happening now from inside the U.S. government."
― Quartz
"Displaying his usual meticulous research and fluid prose, [Lewis] makes the federal bureaucracy come alive by focusing on a few individuals within each agency with fascinating―and sometimes heartwarming―backstories.…[A] well-written primer on how the government serves citizens in underappreciated ways."
― Kirkus (starred review)
"Illuminating.… It's relevance to readers won't end with the Trump era."
― Publishers Weekly --This text refers to the hardcover edition.
From the Back Cover
Praise for Michael Lewis
"Saturation reporting, conceptual thinking of a high order, a rich sense of humor, and talent to burn."
―Tom Wolfe
"Michael Lewis has a spellbinding talent for finding emotional dramas in complex, highly technical subjects."
―John Gapper, Financial Times
"[Lewis] has a genius for unearthing tales of the counterintuitive."
―Pamela Paul, New York Times Book Review
"The leading journalist of his generation."
―Kyle Smith, Forbes
"Lewis is the kind of writer who creates his own weather system."
―John Lanchester, London Review of Books
"I would read an 800-page history of the stapler if he wrote it."
―John Williams, New York Times Book Review
"[A] master of the character-driven narrative."
―Charlie Gofen, National Book Review
Product details
- ASIN : B07FFCMSCX
- Publisher : W. W. Norton & Company; Illustrated edition (October 2, 2018)
- Publication date : October 2, 2018
- Language : English
- File size : 4176 KB
- Text-to-Speech : Enabled
- Screen Reader : Supported
- Enhanced typesetting : Enabled
- X-Ray : Enabled
- Word Wise : Enabled
- Sticky notes : On Kindle Scribe
- Print length : 255 pages
- Best Sellers Rank: #47,639 in Kindle Store (See Top 100 in Kindle Store)
- Customer Reviews:
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About the author

Michael Lewis, the best-selling author of The Undoing Project, Liar's Poker, Flash Boys, Moneyball, The Blind Side, Home Game and The Big Short, among other works, lives in Berkeley, California, with his wife, Tabitha Soren, and their three children.
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EVERY president on DAY ONE or being elected sent a team into all federal agencies to learn as much as they could before inauguration (this required many hours, many documents, and many people). Except Trump of course. He sent noone nowhere. Eventually, a month in, he sent one or two unqualified loyalists to meet for one hour and only so the press wouldn’t report that he hadn’t sent anyone. Mounds of knowledge transfer (of CRITICAL agencies) went un-read, and mounds of data (especially about climate change or animal cruelty investigations) disappeared off of Federal websites.
Trump shut down the Federal Government for an entire month in order to get 3 billion for his border wall. In doing so, he created major risk that will last for YEARS because of the 1 month halt in vigilance, in order to address a non-existent threat that he had made real in the minds of his followers.
Many of the most dedicated civil servants are first generation Americans. They have come from places with non-functioning governments and appreciate in a keen way the way the U.S. government has allowed for them to climb the ladder to success, and they want to repay the favor.
People don’t realize all the ways the government helps them. The U.S. government funds risky research where the benefits are HUGE but no bank would take the risk. These research programs funded life-changing inventions like the internet or the Kevlar vest for the military. They are also essential going forward for surviving climate change. Yet, Trump’s initial budget cut out the programs entirely. There are entire states (ironically, red) that would not survive without small business loans. Many/all recipients do not even realize these loans are made possible by the Federal government because it appears their local bank is issuing them (the government needs to market themselves better!)
My take-away from this book is that the federal government needs to do a better job of marketing itself. it’s important that the general public knows what it does for them, so they understand the risk of voting for someone that doesn’t understand it or understands how he can undermine it to make money for himself or achieve short-term gain at the expense of our children. There are definitely areas for improvement in Federal Agencies (and the quest for improvement should always exist). The media (especially right wing media) is always going to cherry-pick the failures and not say anything about the other hundreds of ways the U.S. government saves people every day.
And then the question about what to do about propaganda news that is ruining our country. It gets people all hyped up about inconsequential things (e.g. critical race theory being taught in law schools) and not about about the REAL and VERY SCARY risks - risks that are being held back as best they can by a group of smart, experienced and dedicated civil servants that haven’t yet been defunded by the U.S. government.
Lewis is a story-teller who takes on interesting topics, spinning stories around them as his highly readable, informative narrative style draws the reader in, eventually capturing completely. He begins by showing us how unprepared and incurious the Trump minions were before introducing us to John MacWilliams, the first risk assessment officer of the Department of Energy. MacWilliams had prepared notebooks full of explanatory data and information about the job of DOE and the risks it oversaw, only to spend a few minutes with, of all people, the clueless Rick Perry, the former governor of Texas, who inhabits the position.
Throughout the vast and dedicated bureaucracy, government civil service employees, upon learning that Donald J. Trump had somehow been elected President, swung into action. They prepared voluminous briefing books to prepare members of the new administration to understand and continue doing the jobs that provided crucial information and services to the American people. They expected to be swarmed with these appointees the day after the election….And no one came! When a few new agency heads showed up, they demonstrated a remarkable lack of curiosity about what their jobs entailed. Eighty-nine year old Wilbur Ross thought the Department of Commerce was devoted to business and could never grasp the breadth of services and information it provided. Curiosity and skill were absent. And so information essential to meeting the needs of every day Americans, particulalarly in the rural areas that won the election for Mr. Trump, were hollowed out...neutered and made totally ineffective by a President not interested in governing.
The advantage of Lewis’ style of story-telling lies in his ability to take a general principle of which we’re all aware, in this case the two facts that Trump is sending unqualified hacks to lead the major divisions of the government and that the agencies are being hollowed out, denied money and qualified staff becomes real in his hand. We see directly through the eyes of dedicated employees the importance of many functions we’re not aware exist protect and inform, as well as how cutting off the top and denying funding hollow out the agencies, denying the recipients of their services essential protections and advice that agencies provide. By focusing on the Department of Agriculture and the Department of Energy, Lewis shows the breadth of their portfolio and the importance of the high quality people working for them. Replacing what Trump has so successfully destroyed, with the canny help of one of America’s most underrated disablers, Mick Mulvaney, will take a generation or more to rebuild once we rid ourselves of their depredations.
The replacement of food scientist Dr. Cathie Wotecki with right wing political hack and talk show host Sam Clovis represents another example of removing expertise from important, but often quietly effective low-profile specialists with political people seeking to achieve political goals. The achievements of Wotecki during her time with FDA at the Department of Agriculture were monumental, and life
saving. Clovis job was to shut down programs and eliminate the words “climate change” from government lexicon.
The role of government in rural America hidden, by being administered through small banks, brings expertise and money into places where neither exists, while being hidden by local interests and their antipathy to what they see as “the government.” Lillian Salerno eventually ran for Congress as a Democrat as she became increasingly aware of the Trump strategy of replacing professionals with political appointees who had no expertise or interest in the areas where her specialization had helped strengthen rural areas. Simply a small example of the larger problem. She lost!
Instead of re-visiting the depredations committed daily on the American people, the Tweeting, whining, self-promoting course of the Trump train wreck, Lewis takes the time to burrow into the inner workings of the crucial agencies and programs operated by the lower level political appointees and civil servants who make the wheels turn. Often, the recipients of government services don’t even know these services are sponsored and paid for by the government. Lewis shows how commitment, expertise, hard work, and dedication have built a system that actually delivers necessary services, improves the national health, protects the environment, and places needed checks on the damage often perpetrated by big money and large corporate interests. The results are a hollowing out of the inner workings of the government, hidden by bluster and mis-direction from the top. There’s no little irony in Lewis’s ending the book with the story of a tornado chaser, who has learned to follow behind storms to avoid being killed by the object of his studies.
Michael Lewis is the author of a series of best-selling books mostly having, at least superficially, to do with sports and/or business (Liar’s Poker, Moneyball, Blindside, The Big Short) which have all been best sellers as illuminating changing aspects of our culture through his wonderful storytelling. Originally from New Orleans, and educated at Princeton and The London School of Economics, Lewis’ is 58 years old, and with Fifth Risk at the top of his game.
In the beginning of Fith Risk by Michael Lewis (W.W. Norton, October 2018, 221 pg., $26.95, $10.58), Lewis chats at length with John Macwilliams, who has identified the five risks facing the government as the Trump administration sets and achieves its chaotic agenda. MacWilliams has identified four risks for Lewis, who finally asks him what the fifth risk is, to which MacWilliams responds, perhaps in a toneless, hopeless voice, “Project management.” This book is highly entertaining as well as “Must Reading!”
Top reviews from other countries
The book is quite scathing on the Trump administration and, based on what the book says, for good reason. They did not send appropriate people to understand some of the departments they were taking over and appeared to have a scant regard for the normal processes of Government.
I did find the book veered away a bit after the first half when it got a bit tedious and dove too deeply into the minutiae of the departments they were covering. I had thought it would be a book focusing on Trump exclusively.
Overall, it is not a bad book at all, just not as good in the second half as the first.
The Fifth Risk starts off by telling the story of Chris Christie. How he helped the future Trump administration organise a government in waiting. Christie and the team are let go. Trump was worried about spending money.
Given the revelations about Donald Trump’s finances in the New York Times; I can understand his desire to control cash flow. This goes some way to explaining the problems filling senior government places.
A second thing comes out in the first part of the book; Trump’s instinct to value personal loyalty. Which is fine; but doesn’t scale that well. That meant that people were often unsuitable for the jobs that they were given.
A final trait that came through was a massive root-and-branch concern against climate change.
So Lewis doesn’t say that much about the Trump administration that we didn’t already know. But that is only 30 percent of the book.
What the government does
The remaining 70 percent of the book tells the stories of different departments of the US government. The vital, complex roles that they play. He peels back the complex relationships between the federal government and the states. That interface builds in a lot of waste and inefficiency – to meet state political goals.
Lewis gets experts to explain how welfare payments work and why they’re needed. Or how departments like the National Oceanic and Atmospheric Administration and the Department of Energy benefit the country.
Lewis also covers what motivated some of the government service. TL;DR – from the new deal to the Kennedy administration young Americans felt that they could make a real difference. They felt inspired in a way that probably only clergy or military service personnel feel now.
Finally, touches on risks. The fifth risk that the Department of Energy expert talked about was programme management. This is where the name of the book comes from. How is programme management a risk?
If a department is managed by someone who doesn’t understand the area involved.
Realpolitik – NASA was for years a victim of pork barrel politics and the o-ring failure that happened on the Challenger disaster was a function of it
If an administration takes a short terms, or small government world view.
In praise of Keynesian economics
The examples in the book tear away at the popular narrative around big government. Of inefficiencies and long queues of rapacious welfare queens.
It shows all the things that the government does for the collective good. Things that the market wouldn’t be able to address. It also shows the hucksters involved in the markets. In particular calling out Accuweather’s founders Barry and Joel Myers. That Lewis hasn’t been sued by Myers adds to the veracity of his claims.
This is essentially a criticism of the economic orthodoxy that has governed both of America’s political parties for the past 40 years, since the Carter administration. In this respect, the educated reader would appreciate that it fires a shot across the bow of all parties. From Sanders and Biden to Trump.
Style
I was introduced to Michael Lewis as a writer, when I read Liar’s Poker in college. It is a deeply personal book, full of humour and self examination. In it, he provides the ley reader an insight into the financial services system. Unfortunately, that didn’t seem to have much impact as the financial recessions following the dot com boom and the housing crisis proved.
He then wrote a slew of books that owe a good deal to the new journalism style of Tom Wolfe. His writing covered sports, financial crises and politics. Some of the books were very of their time, such as The Future Just Happened, Boomerang and Panic!. Others like Liars Poker, are ageless. A couple of his books were made into films of the same name: Moneyball and The Big Short.
The Fifth Risk still feels like the classic Michael Lewis new journalism style. But it also feels like it has an eye on a documentary adaptation. In this respect he reminds me a lot of Ben Mezrich in term of his cinematic approach to writing.
The issue Lewis explores is not an ideological one. It is not one of right vs. left, conservatives vs. liberals or Republicans vs. Democrats. Rather, the divergence is between those in government service who are there for some noble purpose that looks out for the greater good, and those in powerful economic positions whose primary concern is self-interest and making as much money as possible. As the author states more succinctly, the struggle is "between the people who are in it for the mission and the people who are in it for the money."
One might think that a book about the inner workings of the Departments of Energy, Agriculture and Commerce and the National Oceanic and Atmospheric Administration (NOAA) might be a snoozefest, but this is not the case when the story teller is Michael Lewis. Lewis goes from the macro to the micro as he describes the lives of a number of brilliant civil servants, each devoted to a greater purpose beyond their own career or financial enrichment. He uses their experience and vision to show how the much maligned and underappreciated civil service works to better the lives of many Americans caught in the undertow of the growing gap between rich and poor.
For example, many think of the Department of Agriculture as being concerned only with farms and farmers. But it also oversees the funding of vital programs like food stamps and school lunches, and provides weather and other information which provides information to grow crops optimally. Lewis explores how the Commerce Department may not have enough staff to conduct the 2020 Census properly and how census and other data collected by the government in tremendously valuable in all sorts of scientific advancements. The Commerce Department is also responsible for the NOAA, whose advances in weather tracking have saved the lives of those who live in regions affected by tornadoes and other hostile weather phenomena. Public sharing of that information is now being threatened by those in the private sector who want to make money charging for weather information gathered at taxpayers' expense, rather than making this information freely available, and who have the political connections to make this happen. Lewis notes that since the new administration has taken over, mountains of data previously available to the public on government websites, has been removed and how those in tornado zones and other at-risk regions are now in greater danger because of the influence of private sector weather services having influence with the new government so as to make such information available, but only for a fee.
Many think of the Department of Energy as being only concerned with oil. But as Lewis points out, this is a minor part of that department's responsibility. Government funding from that department, and not private lenders, has financed many of the greatest technological advancements of our generation and has done so profitably. That funding is now at risk and Lewis warns that this may stifle creativity in technological advancement. The Department of Energy also manages international nuclear risk as well as cleanup of nuclear waste at home. Cuts to the department will mean that there will probably not be enough inspectors to track and locate black market uranium before terrorists do, or to head off future problems from past nuclear development, all because private sector interests are demanding less government regulation. Lewis notes an overall effort to purge from government any acknowledgement of the risks of climate change and global warming.
Lewis provides an eye-opening account of the dangers of an inadequate transition of government, as well as from some of the short-sighted and selfishly-motivated policies and appointments made by the Trump administration. This book offers a valuable education about some of the unknown and unappreciated risks that flow from disrespect and contempt for science and data analysis. The author's telling the stories of the lives and passions of individual public servants concerned about these issues puts a human face on the points he is trying to make.
The book's only failing is in its lack of an epilogue or summary to tie these stories together and underscore the warnings that Lewis is giving. In spite of this, The Fifth Risk packs a lot in a concise (219 pages) package. It is told in the author's enjoyable conversational style, like listening to a friend over a cup of coffee. In the process, he makes it clear that there is much to be lost if the trend continues to allow science and information gathering and analysis to be suppressed in favour of the interests of privileged private sector greed.



















