🔥 Michael Lewis explains why Trump ignores threats like coronavirus - Vox

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Michael Lewis' fascinating new book argues that Donald Trump was utterly unprepared to lead the some 2 million federal employees — and.


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Michael Lewis Explains Why We Should Have Seen The Pandemic Coming - Full Frontal on TBS

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The fifth risk is something impossible to conceive of in advance, or to prepare for directly. What matters is having a well-organised government in.


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Author Michael Lewis On ‘The Fifth Risk’ Within The Trump Administration

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Michael Lewis, The Fifth Risk description. I've read several books about President Trump and his administration in the last couple years. They all depress me a.


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Michael Lewis traces the ‘gutting of the civil service’ under Trump

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In The Fifth Risk, Michael Lewis reveals the combustible cocktail of wilful ignorance and venality that is fuelling the destruction of a country's.


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Michael Lewis on How Trump has Proven his Book The Fifth Risk Tragically Prophetic. (April 19, 2020)

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Michael Lewis talks about the Fifth Risk, his new book about the Trump administration's incompetence and corruption and how it's destroying.


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Chris Hayes Podcast With Michael Lewis - Why Is This Happening? - Ep 55 - MSNBC

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Michael Lewis, The Fifth Risk description. I've read several books about President Trump and his administration in the last couple years. They all depress me a.


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Michael Lewis examines why Trump administration \

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In his most recent book, The Fifth Risk, Lewis explores the different ways the US government manages its “vast portfolio” of risks — and how the.


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The Fifth Risk with Michael Lewis

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In his most recent book, The Fifth Risk, Lewis explores the different ways the US government manages its “vast portfolio” of risks — and how the.


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Michael Lewis Promises the Deep State Doesn’t Exist

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In The Fifth Risk, Michael Lewis reveals the combustible cocktail of wilful ignorance and venality that is fuelling the destruction of a country's.


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Michael Lewis \u0026 Owen Jones on Trump

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THE FIFTH RISK By Michael Lewis pp. W.W. Norton & Company. $ Michael Lewis is the poet laureate of computer-driven data.


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Michael Lewis on the Crafts of Writing, Friendship, and More - The Tim Ferriss Show

Just look at the coronavirus. I asked him, almost as a joke, to tell me five top risks the department faced off the top of his head. What does Donald Trump do to the basket of risks that the US government is supposed to manage? This is the first time that Americans are feeling the real existential dread they should have been feeling from the moment that he walked into the White House. And I thought that was a very interesting way to think of the job of the president: to manage this giant portfolio at risk, not just the Department Energy, but across all of these agencies. He thought about volatility. Both in the financial crisis and now, the Fed is able to step in and act as the financial parent in the room when everything else is in doubt. Right now, for instance, we are all fixated on pandemic risk — and there are other obvious risks like climate change or nuclear war. And he just refused to take them into his administration. And it was going to go on for years before it was cleaned up. Much of what the experts inside of government who manage risks are doing is trying to prevent it all from happening. The pandemic has taken this to an extreme. What I would do next is study the way society is now compensating for the ineptitude and malign character of its leader. He would have gotten no gratification in any way. In the runup to the election, huge numbers of people, both Democrats and Republicans, who are experts in the specific risks the government managed, came out against Trump. So what does it mean for the president to be a risk manager? So if you had to write another chapter of The Fifth Risk about coronavirus, what would it be about? And I can think of several ways in which he would do it. Leaving aside asteroids hitting the Earth or the big ones like other pandemics or nuclear weapons or terrorism, I think that the big thing is trust. Our mission has never been more vital than it is in this moment: to empower you through understanding. Michael Lewis A lot of what the federal government does is manage risk, broadly defined. People were trying to tell him this was a problem in early January. And then, after the fact, telling a story that renders him the hero of the story — the person who saved the day. He got through four very quickly: they were things like nuclear weapons accidents, attacks on the electric grid, the Iran nuclear deal being undermined, and North Korea figuring out how to get a missile to California. Now, eventually, he does come up with a fifth risk. Roge Karma What do some of those longer-term risks look like? My last question is about the future. If it gets in the river, it poisons the Pacific Northwest. McWilliams was someone who thought about risk like a Wall Street person thought about risk. Roge Karma There are a lot of ways to view the US federal government and the role of the president. A lot of what the federal government does is manage risk, broadly defined. If they succeed, then you never know about it. And he does so in various ways. That is not a way we are used to thinking about our leaders or our institutions. He was grappling with it in that language. Trump tried to install in that job a right-wing talk radio show host from Iowa who happened to back him and who had absolutely no understanding of the science of agriculture or anything like it. Michael Lewis There was a list of CVs that Politico dug up of Trump appointees to the Department of Agriculture, and none of them were qualified for anything they got appointed to do. And imagine if that program actually had identified the coronavirus right at the outset, so this pandemic never happened. Reddit Pocket Flipboard Email. Just like we ask, is this someone I trust to manage my money? What value would that have been to Donald Trump, knowing what you know about Donald Trump? A growing number of gadgets are scanning your face. Your financial contribution will not constitute a donation, but it will enable our staff to continue to offer free articles, videos, and podcasts at the quality and volume that this moment requires. Michael Lewis He amplifies them all. But in the book you talk about a set of risks that gets talked about a lot less. Do you think that it plays a factor here? One is that he has virtually no interest in hiring people for their ability to manage risks, for their understanding of risk, or for their knowledge and expertise about risks. And what comes to mind is the trust in the Federal Reserve and the Treasury — essentially the credit worthiness of the United States. If a president is fundamentally a risk manager, then should we be thinking differently about what we look for in a presidential candidate? A lightly edited transcript of our conversation follows. I think of Trump as a trust-destroying machine. He amplifies them all. Roge Karma If the president is fundamentally a risk manager, then what does that make Donald Trump? But one that you draw out in The Fifth Risk is the idea of the president as a risk manager and the government as a risk aggregator. But if it gets mismanaged over the long run, something really dramatic could happen. President Donald Trump signs a document in reinstating sanctions against Iran after announcing the US withdrawal from the Iran nuclear deal. There are a lot of ways to view the US federal government and the role of the president. It could inevitably be a tragedy one day. Most are like bombs with very long fuses that, in the distant future, when the fuse reaches the bomb, might or might not explode. Please consider making a contribution to Vox today. The minute we lose that, the minute the world ceases to trust our government financial institutions, is the minute we lose our ability to touch bottom on any kind of crisis. He had called for the elimination of the department in a presidential debate without being able to remember the name of the department. If the president is fundamentally a risk manager, then what does that make Donald Trump? You can move around the government and find at the very top level people who were really ill-suited to the jobs, but the people who flooded into the second- and third-tier jobs — they were all just hacks on campaigns. Trump has created a bizarre absence of information channels from people who know things to the Oval Office. But I think people are starting to figure out just how critical government is. He had very detailed stories about each one and why each one was much scarier than we knew. He undermines trust everywhere he turns. He gropes for these trusted relationships and seeks to disrupt them. Michael Lewis McWilliams pointed me to the management of the old nuclear bomb manufacturing site in Hanford, Washington. Or, is this someone I would trust to drive the car? In , Michael Lewis, author of books like The Big Short , Moneyball , and The Blind Side , began asking these very same questions — and arrived at some startling conclusions. I think that his whole life is about doing whatever his impulses tell him to do. I think many of us are aware of at least some of the risks government manages. There was a list of CVs that Politico dug up of Trump appointees to the Department of Agriculture, and none of them were qualified for anything they got appointed to do. In the end, the decisions that got to him were all the horrible risk decisions that nobody else wanted to make. Roge Karma In the book, you talk about a few other ways Trump increases the possibility of future risk — those connected to his particular personality and temperament.{/INSERTKEYS}{/PARAGRAPH} Michael Lewis explains how the Trump administration puts us all at risk of catastrophe. So there was every incentive for someone who had a very short-term view of the world and only cared about their own administration or their own time in office to just ignore it. Roge Karma I think many of us are aware of at least some of the risks government manages. But no one president, no one administration was likely to have that tragedy pinned on them. He has no use for them. I actually think he moves through life thinking, whatever happens, I can undo it with a story. What I think might happen because of the pandemic is that voters are going to start asking: Is this someone I would trust to manage this situation? {PARAGRAPH}{INSERTKEYS}And what is this administration neglecting in that will put Americans at risk five, 10, 20 years from now? Every day at Vox, we aim to answer your most important questions and provide you, and our audience around the world, with information that has the power to save lives. My god, yes. In the book, you talk about a few other ways Trump increases the possibility of future risk — those connected to his particular personality and temperament. I think Trump is perfectly capable of undermining that trust. If Trump is elected for another term, what are the risks that are top of mind for you that you are most worried about? A lot of our conversation was just about that: how to make smart, risk-based decisions. Support our work with a contribution now. When I sat down with him and talked about what he thought about day to day, he framed the job as a decision-making job, and all of the decisions involved risk. What are some of the other ways Trump amplifies risk? Roge Karma Could you talk a bit about the type of people who were hired by Trump? He thought about risk as a portfolio. A lot of people are gonna be alive because of it. So the people he hires in risk management positions are often wildly ill-suited to them because the only filter they pass through is a loyalty test to Donald Trump. McWilliams pointed me to the management of the old nuclear bomb manufacturing site in Hanford, Washington.