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Michael Lewis on 'Who is Government' and the Untold Story of Public Service

Bloomberg PodcastsMarch 28, 20251h 5min1,992 views
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The Genesis of 'Who is Government'

  • 💡 Michael Lewis's new book, 'Who is Government,' evolved from his previous work, 'The Fifth Risk,' which explored presidential transitions and the often-overlooked functions of government agencies.
  • 🎯 The initial inspiration for 'The Fifth Risk' came from the Trump administration's dismissal of transition teams, prompting Lewis to investigate what government departments actually do.
  • 🔑 Lewis aimed to uncover stories in opaque government areas like Agriculture, Commerce, and Energy, finding unexpected significance, such as the Department of Energy's role in the Tesla loan.

Uncovering Government's Impact

  • 🚀 Lewis's approach involves genuine curiosity and a desire to understand complex subjects, leading him to discover compelling narratives often missed by others.
  • 🧠 He emphasizes that the best way to predict the future is by closely observing the present and being interested in topics that are not yet mainstream.
  • 🛠️ To gain trust, Lewis is transparent about his intentions, shares his evolving thoughts, and makes himself relatable, creating a natural learning environment.
  • 🌟 He highlights that many government employees are deeply committed to their mission, finding meaning in their work beyond financial compensation.

The Power of Unseen Stories

  • 🧩 The book features stories of individuals like Christopher Mark, who solved the problem of coal mine roof collapses, demonstrating the profound impact of dedicated public servants.
  • ⚠️ Mark's story also illustrates the unintended consequences of safety measures, drawing parallels to the Peltzman effect in investing, where increased safety can lead to riskier behavior.
  • 🔍 Lewis explores how market forces don't always lead to optimal safety outcomes, as seen in the coal industry's adoption of roof bolting technology primarily to reduce costs rather than enhance safety.

Diverse Contributions to Public Service

  • 🔬 The book includes contributions from various writers, such as Dave Eggers exploring NASA's search for extraterrestrial life and Geraldine Brooks investigating cybercrime within the IRS.
  • 📊 John Lanchester's chapter delves into the U.S. government's role as a sophisticated counting mechanism, particularly its importance in establishing the Consumer Price Index.
  • 🎭 Casey Sacks's chapter on Ronald Walters highlights exceptional customer satisfaction achieved in managing national cemeteries, showcasing the hidden successes within public service.

The Nonpartisan Nature of Government Work

  • ✅ Lewis stresses that 'Who is Government' is nonpartisan, focusing on the essential functions government performs that the private sector cannot or will not undertake.
  • 🗣️ He acknowledges the current political climate where everything becomes politicized but aims for his work to be judged on the truth of the stories, challenging prejudices from all sides.
  • 🌟 The book reveals individuals who have found a meaningful life through public service, prioritizing mission over monetary gain, and contributing to society in significant ways.
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What’s Discussed

Public ServiceGovernment AgenciesMichael LewisThe Fifth RiskCoal Mine SafetyPeltzman EffectInvestingConsumer Price IndexIRS CybercrimeNASANational CemeteriesMission-Driven Work
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