Ep 7. Greed Is Good

In The Eighties season 1 episode 7, titled "Greed Is Good," the series examines one of the most defining characteristics of the decade: the emergence of capitalism and the pursuit of wealth. The episode explores how the economic philosophy of "greed is good" became a mantra for individuals, corporations, and even governments during this period and its lasting impact on society.

Starting with the early years of the decade, the episode discusses the Reagan administration's economic policies and the deregulation of various industries, such as the banking sector. It also touches upon the rise of Wall Street and the importance of the stock market in defining success in the business world.

The documentary then delves into the lives of individuals who embodied the "greed is good" mentality, including Michael Milken, the "Junk Bond King," and Ivan Boesky, a notorious insider trader. Through archival footage and interviews with experts, the episode analyzes the actions of these individuals and how their actions affected the economy at large.

The episode also covers the explosion of consumerism during the eighties, focusing on the popularity of luxury brands and the rise of conspicuous consumption. It examines how this trend affected the social fabric of America, perpetuating the idea that material wealth equated to success, and how it continues to shape the landscape of capitalism today.

The final segment of the episode takes a more critical perspective, analyzing the downsides of the "greed is good" mentality and the ways it led to significant financial crises, most notably the savings and loans debacle of the late eighties. The episode delves into the ethical implications of a society that places massive value on profit above all else, and the ways that these values can lead to significant social inequality.

Throughout "Greed Is Good," The Eighties does an excellent job of exploring the complexities of a decade defined by excess and materialism. By combining historical context with individual stories, the documentary highlights the significant impacts of economic policies and cultural values that shaped the eighties and continue to influence society today. The episode offers an in-depth analysis of the cost of money-driven success and what happens when capitalism becomes the primary value system for a society.