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Read The Fifth Risk Join or create book clubs ´ 7 Review The Fifth Risk Free download ✓ eBook, PDF or Kindle ePUB Ngine 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 doWillful 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 knowin. This is the 11th book I ve read by Michael Lewis As with the other books his trademark style is every present1 He has great access to the major players and also gets down in the dirt with the people on the front lines They provide him with a deep background and often some wonderful uotes2 Mr Lewis is very good at constructing sentences and paragraphs This may seem elementary but as a former high school English teacher and current college professor I can assure you that books written by professionals and released by major publishing houses are sometimes poorly thought out and often difficult to slog through Mr Lewis is able to inform and entertain Basically he is a master storytellerThe Fifth Risk is what happens when we make long term decisions for short term reasons Mr Lewis begins the book with the Department of Energy and how President Elect Trump did not have a plan to take over from the Obama appointees This flew in the face of precedent He goes on to examine the electric grid school lunches and notably the national weather service And other areasPeople that love President Trump unconditionally will hate this but then again they probably aren t the kind of person that would read a Michael Lewis book in the first place If you have liked or loved previous Lewis books you ll be very pleased

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Read The Fifth Risk Join or create book clubs ´ 7 Review The Fifth Risk Free download ✓ eBook, PDF or Kindle ePUB G 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 bitdifficult for a person who wishes to shrink the world to a worldviewIf 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 nig. Michael Lewis is an author who specialises in Post Mort Lit He observes life through its processes both the successful as in Money Ball and the unsuccessful The Big Short He identifies key players in the process usually people that you have never heard of and uses their narrative to weave a coherent thread through often chaotic scenarios The Fifth Risk is somewhat different in that this is Pre Mort Lit a warning of impending disaster The Trump administration failed to appreciate the complexity and interlocking of the United States Economy and Political Infrastructure before it took office and sadly since it has become none the wiser H L Mencken wrote For every complex problem there is an answer that is clear simple and wrong J P Moynihan observed Everyone is entitled to his own opinion but not to his own facts Michael Lewis in a short book that does not waste words provides compelling examples that these two aphorisms are alive well and unlearnt in the Trump administration

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Read The Fifth Risk Join or create book clubs ´ 7 Review The Fifth Risk Free download ✓ eBook, PDF or Kindle ePUB New York Times Bestseller What are the conseuences if the people given control over our government have no idea how it worksThe 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 themMichael Lewis’s brilliant narrative takes us into the e. What does government do for us Do we really need it What happens if government ceases to do those things These are the uestions Michael Lewis comes to grip with in his powerful little book The Fifth Risk By drilling down into the day to day realities in a handful of little recognized federal agencies Lewis convincingly demonstrates how government protects us from some of the most alarming risks facing humanity By extension he relates the dangers we and the world as a whole now face as the direct result of inattention greed and misguided policy by the Trump AdministrationHow government protects usAt the outset Lewis makes the case that The basic role of government is to keep us safe to uote one of the expert government watchers he interviewed He points out that The United States government employs two million people 70 percent of them one way or another in national security As Lewis makes clear at length that 70 percent doesn t include just those working in the Pentagon or the Department of Homeland Security They also toil away in such little recognized departments as the National Oceanic and Atmospheric Administration or NOAAClearly if a hurricane or a tsunami is on the way to your town you sure want to know about it and that s one of the principal functions of the National Weather Service one of NOAA s agencies NOAA supplies ALL the data on which our weather forecasts are based That includes private entities and individuals such as Accuweather and The Weather Channel Unsurprisingly the Trump Administration is trying to cut NOAA s budget Just imagine how American business let alone the American public would conduct our daily activities if we couldn t depend on accurate weather forecastsThe Department of Commerce has little to do with commerceFor some obscure reason NOAA is located in the Department of Commerce In fact it turns out that the Department of Commerce has little to do with commerce and trade As a practical matter the department is a depository for much of the government s vast stores of data not just on the weather but on the census the economy patents and trademarks and many other matters The Department of Commerce should really be called the Department of Information Lewis writes This came as a shock to Trump s new Commerce Secretary Wilbur Ross once he learned what the Department actually does As Lewis makes clear many of Trump s other top appointees were in for similar shocks They came to their jobs completely unprepared unwilling to learn from the extensive efforts by their predecessors to brief them and often determined to undermine the work of the new departments in their charge You re right to be worried about the conseuencesA bungled transition is the root cause of much of the troubleIt s common knowledge that Donald Trump came to the Oval Office totally unprepared for the job and unwilling to learn what it might entail In truth he hadn t expected to win the election and may well not have wanted to do so His campaign hadn t even bothered to prepare an acceptance speech Lewis reports But the problems the country and the world are now facing as a result run far deeper than Trump s own lack of preparation Michael Lewis finds the bigger cause in a bungled Presidential TransitionTrump insisted he didn t want to form a Transition Team Somehow former New Jersey Governor Chris Christie managed to convince him anyway Christie assembled a small team beginning months before Election Day Shortly afterward he delivered to the President elect a list of presumably ualified people to fill many of the 4000 top government jobs Nothing happened Then a month later Christie and his entire team were fired and the team s report disappeared A new Transition Team dominated by Steve Bannon and Trump personally began work from scratch in December barely a month before the new Administration would assume power Is it any wonder that the result was chaotic Should we be surprised that so many of the most senior positions were filled with people who were ill suited for the jobs they were givenInterview with a Chief Risk OfficerOne of the many former high level government officials Lewis interviewed was John MacWilliams who had served as the Chief Risk Officer of the Department of Energy DOE late in the Obama years Like Commerce DOE is a conglomerate department that encompasses a host of functions no unsuspecting member of the public might guess About half its budget in 2016 went to maintaining the nuclear arsenal and protecting Americans from nuclear threats Lewis notes MacWilliams pointed out to him that in fact DOE is the place where you could work on the two biggest risks to human existence nuclear weapons and climate change Lewis asked MacWilliams to identify the top five risks I need to worry about right awaySo what is the Fifth RiskAccidents with nuclear weapons and climate change top the list of five They re the first risk The second and third are a potential attack by North Korea and the threat that Iran might develop a nuclear weapon now that Trump has pulled out of the Iran treaty MacWilliams identifies the fourth as the fragility of our electrical grid What then is the Fifth Risk Project management MacWilliams says To illustrate he pointed Lewis to the decommissioned plutonium production facility at Hanford Washington which the author toured There a local official explained that There are Fukushima level events that could happen at any time Without competent and attentive management anything could happen there We take for granted that our government protects us from such threats But are we safe to do so under this Administration Who might be appointed to manage the 200 suare miles of nuclear risks at HanfordThere is an upside to ignoranceLewis notes that There is another way to think of John MacWilliams s fifth risk the risk a society runs when it falls into the habit of responding to long term risks with short term solutions This is exactly what the Trump Administration hopes to do with Hanford by cutting its budget and with so many other government programs There is an upside to ignorance and a downside to knowledge Knowledge makes life messier It makes it a bit difficult for a person who wishes to shrink the world to a worldview And isn t this just exactly what s going on throughout the federal government under Donald Trump

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  • 16 February 2019
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