Wall Street: Lavish Hubris
“My God! What have I done…” -David Bryne and Brian Eno, Once in a Lifetime, 1980.
The Reagan era can best be summed up musically with the band, Talking Heads. The melodies brought vibrancy to the inherent ridiculousness of the eighties which David Byrne’s lyrics were so keen to bring up. The Talking Heads were punk without the destruction. The music created something out of the vast nothingness so many felt. Very fitting then that the Talking Heads’ song “This Must Be The Place” became a default theme song for one of the most typified eighties-in-excess movie, ‘Wall Street.’ “Greed is good” became the iconic motto of Regan era self-indulgence spoken from the most attractively conniving characters written in the last twenty years. Oliver Stone’s film and his monster Gordon Gekko became intricately linked to that decade with those words. I would argue, however, that it was another unforgettable line that encapsulated the mood, “It’s a zero sum game…money itself isn’t lost or made; it’s simply transferred from one perception to another.”
Besides the motivation to catch myself up before the sequel is released later this year, I wanted to truly watch ‘Wall Street’ for the first time in a way that would have been impossible in any other time in my life. It’s now 2010 and the United States has been going through a roller coaster of ups and downs in the stock market since the internet balloon busted in 2000. I know this and have personally felt this for all of my working life. The question I always come back to when considering the absurdity of relying the entire economic outlook on a gambling racket fraught with corruption and deceit is; why do we keep insisting on getting everything for nothing? In the past, Oliver Stone has rightfully been accused of having a heavy hand. Well, in this picture, his aim was and still is on target.
Perception is a damaging foe in ‘Wall Street.’ It is the perception of the good life that entices Charlie Sheen’s character Bud Fox into Gordon Gekko’s empire of fast deals, insider information, and backroom liquidation. Michael Douglas has always brought a good amount of smarminess to his roles. I don’t think it was mere coincidence that the two roles he will forever be known for were from the same year. Douglas personified the man of the eighties, having it all and destined to lose it by his own vices. It is classic tragedy and Oliver Stone played it up. But I would also say that Stone points an accusing finger at the whole system. Gekko and Fox had just enough hubris to get caught. The system itself doesn’t get caught. The Wall Street in the movie and in reality continues unscathed producing more Gekkos more Maddoffs and more schemes to create something out of nothing. A factory manufacturing unregulated greed.
But I digress, the movie quickly unfolds the crime of securities fraud with the use of multiple split-screens, shown ‘24’ style fifteen years before ’24.’ In this early scene we see how information, the most important commodity, is used to manipulate perception and push the stock price in a company to the point where it is most profitable to the people doing the pushing. The energy is frenetic when insider information turns to buy, turns to sell-off, and then turns to profit by the end of the day.
Also fascinating in ‘Wall Street’ was the use gold as an overall color motif for the film. Everything was shown through a lens of a sunlit dawn. Buildings were silhouetted by the rising sun, fashion accessories were blindingly gold, the hot girls were blond, the wives were not, high-rise apartment interiors glowed tacky gold leaf and tackier art, and money always folded into gold clips. Oliver Stone perfectly encapsulated a world fixated by the possibilities, real or fabricated, within every “morning in America.”
I love this movie in a way that I love good heist flicks. The characters are slick and know exactly what to say at the right moment. I am very curious to see how Mr. Stone translates his fashionably corrupt environment of false perceptions into the internet-influenced utopian chaos that is now the modern market for the sequel, ‘Wall Street: Money Never Sleeps.’ From the trailer, I don’t think I’ll be disappointed. My only gripe; Stone only allows a glimpse of the human toll through Martin Sheen’s character of Bod Fox’s blue collar father caught in the middle of Gordon Gekko’s next easy money scheme. Fox’s character transition also seemed a bit labored when he figured out the nefarious intentions of his mentor, whom he’s been following like a comic dachshund beside a bulldog for much of the film. Seemed to me that Fox should have known he was screwed at the moment he accepted a check for a million dollars. But that’s what perception does. It simply transfers itself to the rosiest picture when it’s more convenient, which is the fault of most tragic heroes. In David Byrne’s immortal words, he certainly bought some ‘wild wild life.’
-Mike Ruzicka, i-D.