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Michael Lewis: The Fifth Risk (Paperback, 2019, Norton Trade Titles)

Vignettes from the first Trump presidential transition after firing the transition team and throwing the …

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A very interesting and insightful book. The risk that Lewis is analyzing is, what happens if some ignorant moron is in charge of running a government. The reader learns a lot about the 2016 elections and how the Trump team took over the responsibility of important functions in the government, or even that nobody showed up to get introduced to the knowledge needed for the job.

What looks like a Trump bashing book in the first spot turns out to be a very insightful book about all the functions that a working government fulfills. The reader learns about NOAA (National Oceantographic and Atmospheric Administration) that collects a lot of data about weather and climate change and that this is important data to issue weather forecasts and tornado warnings. The only problem is that private firms like Accuweather try to block the government from issueing weather forecasts because weather forecasts is the business of those firms. They get the data from the government services (which the taxpayer already paid for) to create a product "weather forecast" that then is sold again to the people that already paid for collecting the data. Even as a German resident I find a lot of parallels to my own country where the national weather service can't issue forecasts to the public because of "competition" rules.

Great book, especially recommended for those who always complain that the government is just colllecting taxes and doing nothing. They will probably learn a lot from the book.