Reviews

The Fifth Risk by Michael Lewis

jrobles76's review against another edition

Go to review page

5.0

Chris Hayes called Michael Lewis possibly, "the greatest non-fiction writer alive" and I have to agree. If I could have put my phone down amidst coronavirus coverage I might have finished this book in one sitting. Really illuminating given what is going on now.

Gives you great insight into career government officials and how many of them are not partisan and see their jobs in government as helping people and eliminating risk. The problem of eliminating risk is that if you do a good job, people don't think you're necessary. Read it now!

bentohbox's review against another edition

Go to review page

3.0

I'm a bit on the fence with this one.. I think the work Lewis does in this book is incredibly important, especially detailing the mundane and inglorious work done by government workers throughout the country to prevent errors or crises that the public will never appreciate exclusively because it never happens. I wish more people understood how this risk and management work, but many do not, and do not care. Lewis does an amazing job of driving home this point, and conveying why it matters for so many.

On the other hand, I think that Lewis's best work isn't done so spread out amongst sources and subjects. It feels like too many moving pieces, whereas his article, "Portrait of an Inessential Government Worker," was artful *because* it was focused on only one person. This book certainly wouldn't have been done well as a long-form journalism piece, but I do think it overextended itself to its overall detriment and necessity.

devilhoo's review against another edition

Go to review page

3.0

3.5 stars. Well researched but not as compelling as some of his other works.

samanthamccabe_'s review against another edition

Go to review page

4.0

SUCH an interesting, readable look inside the various departments of the US government both before and after Trump’s inauguration. Michael Lewis can pull a compelling narrative out of anything!!

jwsg's review against another edition

Go to review page

5.0

The Prologue opens with the impending train wreck that is Trump’s election and transition. Trump is furious that Chris Christie is fundraising to pay for a transition team, seeing it as theft of monies that Trump could be using. That having a transition team is a legal requirement cuts no ice with Trump. Steve Bannon gets Christie a (temporary) reprieve when he asks Trump: “What do you think Morning Joe will say – if you shut down your transition?”, hinting that Morning Joe might think Trump was closing his presidential transition office because he didn’t think he had a chance of being president.

But this isn’t a book about Trump (thank goodness). It’s a book about the poorly understood role and work of the US government, the fact that even though “dysfunction is baked into the structure of the thing: the subordinates know that their bosses will be replaced every four or eight years, and that the direction of their enterprises might change overnight – with an election or a war or some other political event”, it continues to do vital, important work. Its work is not only poorly understood; the government is taken for granted, if not “imagined…as a pernicious force”. Unsurprisingly then that those who admire it and are drawn to it are “first-generation Americans who had come from places without well-functioning governments. People who had lived without government [and therefore] more likely to find meaning in it.”

There are some two million federal employees in the US who take orders from four thousand political appointees. The upheaval created by each change in administration is immense. Asked to describe what the biggest risks facing the Department of Energy (whose portfolio includes nuclear waste and nuclear weapons), former DOE Chief Risk Officer John MacWilliams listed among them “project management”. Lewis interprets this as “the risk a society runs when it falls into the habit of responding to long-term risks with short-term solutions…delaying repairs to a tunnel filled with lethal waste until, one day, it collapses…the aging workforce of the DOE…the innovation that never occurs, and the knowledge that it is never created, because you have ceased to lay the groundwork for it”. The functioning of the complex ecosystem that is the US government relies on the political leadership being “predisposed to listen to [its professionals and technical experts] and [being] equipped to understand what they said”. But when you get a political leader like Trump, whose agenda is to undermine science and expertise in order to push his agenda and worldview, to advance his personal and business interests (and reward his cronies), this “fifth risk” increases exponentially.
Lewis is an amazing writer, managing to make a book about the workings of government a real page turner. We learn about how funds from the USDA’s Rural Development section effectively keeps rural America alive and afloat, about the work of the Weather Bureau (part of the National Oceanic and Atmospheric Administrated in the Commerce Department!) and the troves of data it amasses in the name of improving weather forecasting, and yes, how the Department of Energy does so much more than just ensuring US access to energy supplies but also tracks its nuclear arsenal, manages its nuclear waste and enables nuclear disarmament.

If you’re interested in the business of government, the excerpts from the interviews alone will be well worth the read, reminding one about the purpose and intent of public service. Like this quote from Kevin Concannon, who used to run Food, Nutrition and Consumer Services for USDA (i.e. school lunches and food stamps):
“I used to tell the people that worked for me: You may not ever meet a single person it benefits. You might never see the infants who are fed, or that family that lost a job. To the extent you can keep in mind that they are out there, it will motivate you to do your job better.”

Or this quote from Kathy Sullivan, who used to run USDA’s Rural Development section;
“ The sense of identity as Citizen has been replaced by Consumer. The idea that government should serve the citizens like a waiter or concierge, rather than in a ‘collective good’ sense.”

Or when she described working with the spouses of the astronauts who died in the Challenger explosion to create a science education programme in memory of the astronauts, and how “uncomfortable it would be to create an entirely new thing when they didn’t know exactly what it would be…[not to mention needing] to invite many odd groups into the room and giv[ing] them the power to influence the project”:
“ you need to create a network of people who feel they can shape it. The conversation really matters. It does not mean transmit at. That’s how you get new thinking…The only thing any of us can do completely on our own is have the start of a good idea.” (Sullivan also described working for government as being “tied down, Gulliver-style. And if you want to even wiggle your big toe, first you need to ask permission. And if you can imagine that and still imagine getting things done, you’ll get things done.”)

But even if you’re not really a public policy kind of person, Lewis is a great storyteller who can take a subject (baseball, trading, football etc), pull out the most fascinating bits and pull them together into a narrative.

jwillis81's review against another edition

Go to review page

5.0

I love Michael Lewis' books and I'm fascinated by how the government works, so this book was right up my alley. I loved diving deeper into various cabinet-level departments and learning more about their mission, as well as some stories of the personnel who have worked there over the years. It's a sobering look at just how bad things can get when political and corporate interests override the public good for which the departments were established. Definitely worth a read for anyone interested in government and/or public affairs.

pitosalas's review against another edition

Go to review page

4.0

Very interesting non fiction writing about the innards of the US Government. Reads like 4 long New Yorker articles. I never found out what the fifth risk was though. Not his best.

branch_c's review against another edition

Go to review page

3.0

The most significant piece of information in this book is probably the fact that Trump and his appointees were not just incompetent when they took over the US government in 2017, but that they were incompetent jerks. Most of us probably could have guessed this already without the data gathered here by Lewis, and even if we didn’t, this is depressing info that many of us would rather ignore, so this book is a less than enjoyable read.

On the other hand, the writing is polished and engaging, and the reader is introduced to numerous positive characters in addition to the jerks; people who committed their careers to government work because they truly wanted to make a difference, and make the country better for its citizens. It’s sad to realize that their good intentions can be so easily thwarted by a mob of selfish idiots - but not only that, to see how unnecessarily difficult it can be even under the best of conditions, when a presidential transition is handled professionally and correctly.

And this is the real lesson to be learned from this book: we should be surprised and impressed that our government works even as well as it does, given the complexities of government agencies, the intricacies of data collection and storage, and the antagonistic interactions between citizens, government, and business. These aspects combine to make it unlikely that normal government operations can be managed efficiently, and make it all but impossible that administrative transitions will go smoothly.

The good news is there’s lots of room for improvement, and given some time and effort, plus the right elected officials, things can be improved. Some of the issues raised here echo those brought up by presidential candidate Andrew Yang, in his book, The War on Normal People, especially in regards to the problems facing rural America in the modern society. Beyond Yang’s ideas for Universal Basic Income and putting humanity first (over the interests of corporations and politicians), the government would surely benefit from leaders like him who pay attention to the data, listen to the advice of experts, give logistical issues the attention they deserve, and have a genuine desire to make the world a better place.

Anyway, the three star rating here reflects my personal reading enjoyment factor, since the topic is not exactly pleasant. But it’s a quick read, and recommended for anyone who wants to be aware of these important matters.

andrewotey's review against another edition

Go to review page

4.0

Fascinating!

ceroon56's review against another edition

Go to review page

4.0

Quick read. Fascinating stories. Well written.