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The Fifth Risk Hardcover – October 2, 2018
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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.
- Print length256 pages
- LanguageEnglish
- PublisherW. W. Norton & Company
- Publication dateOctober 2, 2018
- Dimensions6.5 x 0.9 x 9.6 inches
- ISBN-109781324002642
- ISBN-13978-1324002642
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From the Publisher
Editorial Reviews
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
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
About the Author
Product details
- ASIN : 1324002646
- Publisher : W. W. Norton & Company
- Publication date : October 2, 2018
- Edition : First Edition
- Language : English
- Print length : 256 pages
- ISBN-10 : 9781324002642
- ISBN-13 : 978-1324002642
- Item Weight : 1 pounds
- Dimensions : 6.5 x 0.9 x 9.6 inches
- Best Sellers Rank: #45,578 in Books (See Top 100 in Books)
- Customer Reviews:
Product Videos
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.
Customer reviews
Customer Reviews, including Product Star Ratings help customers to learn more about the product and decide whether it is the right product for them.
To calculate the overall star rating and percentage breakdown by star, we don’t use a simple average. Instead, our system considers things like how recent a review is and if the reviewer bought the item on Amazon. It also analyzed reviews to verify trustworthiness.
Learn more how customers reviews work on AmazonCustomers say
Customers find the book informative and well-researched, with a conversational writing style and interesting life stories woven into the facts. Moreover, the book provides great insight into government agency workings and holds readers' interest throughout. However, the pacing receives mixed reactions, with some finding it fast-paced while others describe it as disjointed. Additionally, the scariness level is also mixed, with many finding it frightening.
AI Generated from the text of customer reviews
Customers find the book informative and well-researched, with one customer noting the author's command of facts and figures.
"...several of Michael Lewis's books and I have always found them to be informative and well written. This book is no exception...." Read more
"Informative but dry read IMO" Read more
"...It's very informative! It also teaches about different areas of our government and the many things they are responsible for...." Read more
"As always Michael Lewis is readable, insightful and thought-provoking...." Read more
Customers find the book highly readable, describing it as a page-turner that makes for an excellent read, with one customer noting it should be read and re-read often.
"Great read...." Read more
"...I think it is a great read and recommend it anyone interested in the larger impacts the new administration on our existing government efforts." Read more
"...It is your Federal Government. Good read." Read more
"An easy read and an interesting and informative book about a truth that anti-government people and some corporations do not want the public to know..." Read more
Customers praise the writing style of the book, noting its conversational tone and ability to inform readers.
"...Very readable. Well written." Read more
"...Lewis's books and I have always found them to be informative and well written. This book is no exception...." Read more
"Michael Lewis is an excellent writer and has a real skill in telling "People Stories"...." Read more
"...Michael Lewis is an excellent writer and skillfully tells the stories of heroes and villains." Read more
Customers appreciate the storytelling in the book, praising its informative narrative style and how it uses stories about people to tell the tale of the heroes involved.
"...He is a great storyteller or a sorcerer." Read more
"...half is not uninterestimg, there are lots of interesting facts and stories – it's just that it reads more like an almanac of interesting factoids,..." Read more
"Well, this book has a lot of interesting stories...." Read more
"...I wanted to like it, but that was too much detachment for me. Good stories, but can't recommend it." Read more
Customers appreciate how the book provides a great view into the workings of different government agencies and teaches about various aspects of federal governance.
"...You'll learn -- as I did -- that the USDA has sprawling responsibilities and a $164 million budget (2016). Nope, not just to aid farmers...." Read more
"...in the government civil service and there are very important function that the government performs...." Read more
"...This book is about the vital functions of government and how the leaders we elect to administer these functions often do not have a proper..." Read more
"...It’s odd because it introduces you to people and facets of government you probably have no idea about...." Read more
Customers find the book engaging, particularly noting that the first half is truly fascinating.
"An easy read and an interesting and informative book about a truth that anti-government people and some corporations do not want the public to know..." Read more
"Interesting but depressing account of the problems the Trump administration had in taking over the government...." Read more
"...Fascinating, easy to read, thrilling narrative." Read more
"...can take such mundane, ordinary concepts and make them relevant and fascinating...." Read more
Customers have mixed opinions about the pacing of the book, with some finding it a quick but informative read that leaves them slack-jawed, while others describe it as very disjointed.
"A quick read, that left me wanting more...." Read more
"...hundred pages, thin for a Michael Lewis work, it has the feeling of being somewhat rushed—almost as if the author or publisher wanted to influence..." Read more
"Quick read. Digestible and fluid...." Read more
"...Quick, but thorough book - highly recommend." Read more
Customers have mixed reactions to the scariness level of the book, with several finding it incredibly frightening and horrifying, while one customer notes it makes them fearful for their children and grandchildren.
"...It's educational and frightening. The damage is massive and the effects will be manifest for many years to come." Read more
"Great read, it’s actually eye opening and scary but something that the American public or rather the entire public needed!" Read more
"Terrifying yet entertaining..." Read more
"...It was very factual, long and disturbing...." Read more
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The new American Way, you pay, Trump profits.
Top reviews from the United States
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- Reviewed in the United States on July 13, 2021Format: KindleVerified PurchaseMichael Lewis is one of my fav authors because I’m a huge fan of data-based decisions and stories about the many brilliant and dedicated heroes that save our lives that we rarely hear about because they don’t seek fame or fortune. This book is, honestly, terrifying. There are departments in the federal government that save our lives now and in the future that many people don’t know about. The department of Energy, for example, is responsible for preventing nuclear disaster - not just from an attack but from an accident or radioactive waste making its way into a waterway (did you know that there is a plant in Washington with deadly radioactive waste that has a bin failure of 68% and still no plan on how to prevent the waste from continuing its slow and steady course towards the Colombia River?). Did you know that in the 60’s a nuclear bomb accidentally fell out of a transport plane over NC and didn’t explode because 1 of the 4 safety devices installed on it held - safety devices studied and implemented by the Dept. of Energy. There are so many threats to the U.S. that require constant vigilance (e.g. keeping track of the movement of uranium) that are managed by departments that are NOT the department of defense. Imagine an unqualified leader being put in place (in 2016) who didn’t understand what these departments did and put people in charge who were unqualified and knew nothing about science/technology or, worse, people who had a financial interest in removing data generated by these departments so they could make money off of the information (like hedging against a climate disaster in TX). And imagine these people took the spots (or spots were left vacant) of civil servants who had dedicated their lives to understanding and creating the science that kept Americans alive unbeknownst to those Americans. Americans at large are reactors, not preventers, and the media adjusts accordingly (covering disasters and not all of the prevented disasters). Like, you might see award ceremonies given to brave coast guard rescuers, but you don’t see award ceremonies for Art Allen who created a computerized model of how to pinpoint the search areas based on multiple data points (saving thousands of lives). Prevention needs to be celebrated. Public servants don’t do it for glory, but they need to start being recognized to bring this awareness and recruit young brain power (our federal knowledge base is retiring).
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.
- Reviewed in the United States on March 26, 2025Format: KindleVerified PurchaseLewis proves he is a great American story teller, once again. It intrigues me that he has to date concentrated on filthy rich money traders and now shifts his attention to underpaid, Unser appreciated servants. Lewis certainly establishes, and without a shadow f a doubt, that there are great heroes in the government civil service and there are very important function that the government performs. In these days of DOGE, he does not touch on the efficiency of Civil Service. My feeling is that society has relegated Civil Service to a third-tier calling, a haven for the C students, if you will. Lewis extols the A plus students, one is left to wonder how much the vast legion who serves with them is worthwhile.
- Reviewed in the United States on March 7, 2019Format: KindleVerified PurchaseI find for this book, I was overwhelmed with what I was reading. With nearly 40 years of working in various positions, most of which were at a land-grant university in administration, I was appalled at what Michael Lewis was sharing. Working under at least three university presidents and many individual second in command of various parts of the institution, I am totally family with an organizational structure that works routinely to keep an organization running through any type of changes...
Having avidly watched what was happening under Trump, on national television and other media reports, I thought I had a fairly decent handle on what was really happening. The depth of what had happened, however, was so so much more...
Did you know that there is supposed to be a transition team put into place whenever a governmental administration leader is replaced? Chris Christie had brought this up during the campaign, noting that it was mandatory. Nobody had even considered this at that time. At that point, Christie volunteered to head up that transition team...moved forward and, in a very short time, had a thriving team of 100 or so getting ready for the new president's administrative activities... Money had been established for this purpose...Trump was known to have criticized that that money was his and should not be used in this way..
On the second day after the Inauguration, Trump fired Christie and the entire transition team... So, well before he had even gotten started, Trump had fired over 100 individuals who were charged with working through the turnover of the government departments to a new administrator.
As with any well-run institution, each of the governmental divisions had worked throughout the previous year to create and assemble briefing reports and exhibits for introducing past, present and future activities in which they were involved. Some even arranged refreshments to host whoever would be showing up to represent the new administration. Nobody came..
And in the midst of this reality, a writer, Michael Lewis, walked into three major Departments of the Government, and started talking and asking them questions...What he learned became his latest book, Fifth Risk
I should quickly point out that, even without the need for a transition team, readers will be learning, perhaps as much as I did, about the various mostly unknown responsibilities for each of three Departments--Agriculture, Commerce, and Energy.
Lewis begins to talk to the people. He names each individual and shares their story. This is not fake news. If anybody wanted to, they could easily confirm what has been shared in this book. Instead of attempting to provide an overview of the major sets of data and information about each of these units, I, instead, will just highlight a few mind-blowing acts performed by the Trump staff when they actually got around to visiting the Departments:
The Federal Government collects and provides free weather and climate data on their sites. Since the transition, all of this data has been deleted for free use. Reason...Accuweather is being paid for weather information and does not want to have it provided free...
We are all worried about the intrusion into our voting activities, however, did you know that there are already attempts at more dangerous actions. In 2016 the DOE counted half a million cyber-intrusions into various parts of the U.S. electrical grid...Note other spotlighted excerpts and videos posted on my blog...
The variety and diverse ways in which our basic government activities has been changed is unbelievable and, in my opinion, totally unacceptable. Hopefully, those officials who were asked to leave in some way created safeguards against losing so much precious information and money dedicated for specific needs. If not, what this administration has done to our government will never be recoverable...
The risks that have been identified may already have been acted upon without any knowledge of Congress and the people. The only way they will find out is when they will no longer be able to access the services once available...without charge... Somewhere, some business has stolen that data and is now making millions off of what our taxes have paid for.
I thought Trump was a criminal working to gain for his own...now we know that companies of all kinds have supported this criminal, so that, they too, make millions, without having done any of the basic work to provide it.
Interestingly, for many years I was responsible for gathering, maintaining, and reporting data to the federal government about facilities and its utilization. It was the basis for acquiring federal funds for university programs, including medical programs. Data-gathering and maintenance is an ongoing activity for which we were required to be audited and tracked for accuracy. Somewhere that data would have been stored for use by the government and various agencies doing research...
This entire book affects all Americans. You will be learning more about your government than you may have known before...but you may be learning about it as it disintegrates and disappears... Years of my personal work may be gone...
I have not hidden my opinion about this administration, but not until this book was I devastated, not realizing what has really been happening in and to those programs that have served our people so well in the past... Climate Control? Is the data lost to all? Agriculture and Forestry basic information and preservation programs? Service programs to help all of us live, such as basic data about opoids, economic basic data... It's worse than I ever imagined...
And, it turns out, Trump is smarter than we thought...he's doing exactly what is needed to make millionaires into billionaires... Only you can imagine what has already occurred that affects you directly. Please read this book and share this article...It's more important than you may ever know...Sad to say...
GABixlerReviews
Top reviews from other countries
andy wilsonReviewed in Australia on January 3, 20235.0 out of 5 stars Possibly his best work.
Big fan of ML’s writing but in this book, he has out done himself. Not his longest, not his most entertaining but surely his most important. A critical and revealing insight of the concerned nerds and experts inside bureaucracy and a flashing red warning sign of incompetent politicians who use our worst traits to seek power. It’s US based of course but easily transposes to any state or country.
BraggiReviewed in Germany on November 9, 20185.0 out of 5 stars Very informative about US government workings
Worth the money alone for the extracts about a wide range of essential tasks the government does, often hidden behind misleading names in unexpected ministeries. Or the discrepancy between world class research vs. outdated procedures and dated equipment. Lots of insight far beyond the current political situation.
Like his other books, this is a journalist writing. The book is rich in interviews of 1st hand sources; "the fifth risk" is actually a quote.
The scary part is to imagine what damage the current ignorance, neglect and looting of the system may cause.
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anonymReviewed in Japan on April 26, 20194.0 out of 5 stars 行政の神髄
忖度が流行語となり、行政の立場が批判の的となっている日本。同様にアメリカのトランプ政権下、行政はおざなりにされている。著者は、地道で影の役者として活躍した有能な行政官を称える、と同時にトランプ政権下の行政を憂慮し、警告を発信している。
Sally81Reviewed in Canada on June 29, 20195.0 out of 5 stars Making Project Management Sexy Again ... or at least interesting.
Format: HardcoverVerified PurchaseThis was a short, very quick read which is both uplifting and terrifying. This is a book about the regular work that the Federal government does which the wider public is not aware of. Crucial things like nuclear safety, scientific research and saving people’s lives every day without fanfare or thanks.
I’d never thought that an ode to project management and the regular working of government could be poetic but this book provided me wrong. As the NY Times said:
“Michael Lewis [made] a Story About Government Infrastructure Exciting
Having lived through some PM snafus and as someone who works closely with public sector, I was predisposed to like this book. The book is short and very readable, like most of Mr. Lewis’ work. He manages to find the human heart behind some mundane (and some terrifying) situations. He has a simple style which keeps you engaged; this is highly recommended for everyone to read. It is also a good reminder that despite all the arguments about the proper role of the government, there are good hardworking people out there who just want to do the right thing.
For that reminder alone I am giving this a 5 stars.
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E. P.Reviewed in Italy on February 21, 20205.0 out of 5 stars Un tema che ti riguarda da vicino
Con il suo solito talento di spiegare con chiarezza e semplicità argomenti difficili, Lewis riesce a centrare tematiche che riguardano e fanno riflettere tutti.