I can emphasize with Tom Wolfe’s anti-intelectuallism and criticism of the art world. I tolerate his white suits too. I do hate however his inventing the use of present tense in profile articles (upon Ben Yagoda).
Police and emargency services in the field use the present tense to report an accident or an arrest for instance. Their descriptions read strained and clumsy. Poorly educated journalists resort to present tense when, in their minds, past tense sounds old fashioned.
I read The Bonfire of the Vanities with the hope of remembering the 80’s. The noughties explain better what is going on nowadays that probably the 90’s do. For instance, the inability of Sherman McCoy to explain his job is bizarrely contemporary. Trading with in the bond markets anticipated the antics of the Credit Default Swap dealers two decades later. The CDS fuelled the subprime mortgage crisis that in turn is still ravaging the public finances of US and Europe nowadays.