Below is an extract of a post published on Guardian titled "Michael Lewis: The Big Short author on how Trump is gambling with nuclear disaster"
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Make america great again.- Donald Trump.
What counts is not necessarily the size of the dog in the fight. It's the size of the fight in the dog.- Dwight D. Eisenhower.
The best executive is the one who has sense enough to pick good men to do what wants done, and self-restraint to keep from meddling with them while they do it.- Theodore Roosevelt.
Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all.- George Washington.
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Via: Guardian
Government positions left empty, cronyism, anti-government ideology – everything about Trump’s administration makes America more vulnerable to risk Michael Lewis began thinking about his new book,The Fifth Risk, in late 2016 or early 2017 during the weeks before Donald Trump’s inauguration. He was bedridden after surgery and was “laying there going crazy about Trump,” he recalls. Lewis had just published his latest bestseller, The Undoing Project, about two Israeli psychologists, the Nobel prize-winner Daniel Kahneman and Amos Tversky, who studied how people grapple with risk. “One of the insights that dropped out of some of their experiments was: people don’t,” Lewis says. “When you change something that has a one in a million chance of happening to a one in ten thousand chance, people don’t feel that.” One way to think about the US government, Lewis realised, was as a manager of big risks – from military conflict, to financial collapse, to natural disaster. As risk-manager-in-chief, Trump now had the frightening ability to boost the odds of catastrophe from, say, one in a million to one in ten thousand “over a vast portfolio of risks”. “People sense an unease,” Lewis continues, “but nobody quite puts it that way.” The fifth risk is something impossible to prepare for. What matters is having a well-organised government to respond ‘The woman who ran Obama’s energy-policy analysis was told the office was now occupied by Eric Trump’s brother-in-law’ Continue reading…
