The Fifth Risk

The Fifth Risk by Michael Lewis is a gripping and timely exposé that delves deep into the hidden workings of the United States government and exposes the perils it currently faces. Michael Lewis, known for his astute storytelling and keen insights, turns his sharp eye on the uncelebrated but indispensable functions of key government departments and the alarming degradation they are undergoing under the Trump administration.

The narrative opens with a startling scenario: the morning after the 2016 presidential election, essential government agencies, such as the Department of Energy, awaited the arrival of the new administration's transition team. Yet, nobody appeared. This disarray was symptomatic across numerous government branches - a void of engagement and oversight that went unnoticed by the public.

Lewis articulates how much of the vital work performed by the government flies under the radar, taken for granted by many. From ensuring the safety and regulation of nuclear materials, managing the complexities of disaster response, to overseeing critical scientific research and innovation, government functions constitute the bedrock of societal stability.

The Fifth Risk scrutinises the consequences of neglect and wilful ignorance from the highest levels of leadership. Lewis examines three main departments: Energy, Agriculture, and Commerce. He illustrates how each is rife with highly specialised knowledge and tasks that, when mishandled, pose significant dangers. The book meticulously portrays the passion and dedication of career civil servants whose critical roles are now jeopardised by the encroaching tide of apathy and mismanagement.

A central theme of the book is that the greatest risks to society often lie in what we do not see and consequently, do not appreciate. Lewis captures stories of overlooked heroes, unsung government employees whose life's work is centred around preventing catastrophes and ensuring public welfare.

Through his captivating prose, Lewis highlights a chilling reality: the essential fabric of a nation's governance is fraying under its own leadership, driven by short-term gains and a disregard for expertise and institutional knowledge. This systemic failure renders the public vulnerable to the very risks these institutions were designed to mitigate.

The Fifth Risk is not just an urgent wake-up call; it is a homage to those who labour behind the scenes, whose contributions might otherwise fade into obscurity. Lewis crafts a compelling narrative that is as enlightening as it is disconcerting, urging readers to recognise and value the unseen guardians of our collective well-being.