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The Fifth Risk

The Fifth Risk

by Michael Lewis
Hardback
Publication Date: 02/10/2018

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"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.
ISBN:
9781324002642
9781324002642
Category:
Central government
Format:
Hardback
Publication Date:
02-10-2018
Publisher:
WW Norton & Co
Country of origin:
United States
Pages:
256
Dimensions (mm):
244x165x23mm
Weight:
0.47kg
Michael Lewis

Michael Lewis was born in New Orleans and educated at Princeton University and the London School of Economics.

He has written several books including the New York Times bestsellers Liar's Poker, widely considered the book that defined Wall Street during the 1980s, and The Big Short, 'probably the single best piece of financial journalism ever written' (Reuters).

Lewis is contributing writer for The New York Times Magazine and also writes for Vanity Fair and Portfolio Magazine.

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