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...formal education. He promptly fictionalized the experience into a story that was purchased by the New Republic. One year a dropout, the next a published writer - and within a decade, a fixture in the pages of the New Yorker. By the mid-'60s the prizes and (sometimes) money were also rolling in from his first two novels. But by that time, on most mornings he was scuttling to the liquor cabinet right after breakfast to "scoop" the day's first...

Author: /time Magazine | Title: Darkness Visible | 3/26/2009 | See Source »

...knew, in our heart of hearts, that something had to give. Remember when each decade, not long after it finished, assumed a distinct character? We all knew and know what "the '50s" mean, and they definitively ended with the Pill, J.F.K.'s assassination and the Beatles - just as "the '60s" ended when Americans got tired of being alarmed and hectored, and "the '70s" ended when stimulants became more popular than depressants and AIDS appeared. But in all salient respects, "the '80s" - Reaganism's reshaping of the political economy, the thrall of the PC, the vertiginous rise in the stock market...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...shift toward the right, as it did after World War II and for most of the past 25 years, but it can also accelerate a turn to the left, as it did in the early 1960s. Or the social discombobulations provoked by a given zig, as with the late '60s, can make the zag that follows more extreme; thus the long political period we've just been through...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...baby boomers were historically fortunate: they missed the Great Depression and World War II, and though they grew up with the hideous ambient hum of potential nuclear Armageddon, until they reached middle age, the only great national trauma was the one - the '60s and Vietnam - in which they were the self-regarding stars. The so-called millennials, on the other hand, have come of age during a period defined by the digital revolution, 9/11, financial bubbles bursting, a possible depression and the election - possibly their election - of an African-American President: the makings, frankly, of a healthier, more useful generational...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

...resulting reset might jar the culture in deeper ways. For three decades, too much of art and design and entertainment has seemed caught in a cul-de-sac, almost compulsively reviving styles and remixing the greatest hits of the past. (Think: post-Modern architecture, pop music based on sampling, '60s-style shift dresses, pseudo-midcentury home décor.) Since we're now finished with a 25- or 30-year-long era in both politics and economics, maybe a new cultural epoch will emerge as well. Maybe more of the next big things will be actually, thrillingly...

Author: /time Magazine | Title: The End of Excess: Is This Crisis Good for America? | 3/26/2009 | See Source »

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