One of the points I tried to make in this piece this October was the similarity of the radicalism of the 1980s to the radicalism of the 1960s – and how both were responsible for overturning the economic and social stability of the 1950s and early 1960s. But Stephen Metcalf in a review of Tom Cruise’s career for Slate summarized almost my entire point with this:
The ’80s did for money what the ’60s did for sex.
Metcalf goes on:
They told a miraculously tempting lie about the curative powers of disinhibition. It took AIDS, feminism, and sociobiology a while to catch up to our illusions about free love. It has taken cronyism, speculation, and manic overleveraging a while to catch up to our illusions about free money.