Synopsis of Michael Lewis' "The Fifth Risk"

Michael Lewis' book "The Fifth Risk" is about the importance of government bureaucracy and the risks that are inherent in the transfer of power from one administration to another. The book focuses on the transition from the Obama administration to the Trump administration and how the incoming administration's lack of preparation and understanding of government bureaucracy could lead to disastrous consequences.

Lewis argues that the government bureaucracy plays a critical role in managing and mitigating risks in areas such as nuclear weapons, natural disasters, and financial markets. The "fifth risk" refers to the risks that are not widely understood or recognized, but are critical to the functioning of society.

Through a series of interviews with former government officials and bureaucrats, Lewis highlights the expertise and dedication of these individuals in managing complex and risky projects. He also illustrates how the incoming Trump administration, with its emphasis on deregulation and lack of understanding of government bureaucracy, could undermine the effectiveness of government programs and put the public at risk.

Overall, "The Fifth Risk" is a warning about the importance of valuing and supporting the work of government bureaucrats and the risks that arise when this work is neglected or undermined. The book serves as a reminder that effective government is not just about ideology or politics, but also about the expertise and dedication of the people who work to keep society safe and functioning.