In *Bonfire of the Vanities*, pop journalist Wolfe takes a sneering satirical look (from a surprisingly European point of view) at American culture and all of its absurdities and obsessions. New York is treated as the microcosm of 80s America with all of its fads, rivalries, economic woes and class inequality mixing together uneasily and then exploding. Sherman McCoy, the supremely irritating central charater, is a fresh-faced adolescent of 38 years who just doesn't get the fact that the world is a harsh, dangerous place--that is until he becomes the fall guy in a politically and racially charged scandal. Peter Fallow (by far the best character in the book)is a delightfully cynical and misanthropic British journalist who observes the parade the do-gooder activists, slick political manipulators, confused cops, thuggish cops, skeletal society ladies, urban punks, garish architecture, trash culture and trendy clubs with an acid wit and always a few stiff drinks under his belt. If they ever make a real movie out of this book (the existing one doesn't count) PLEASE get Jeremy Irons to play Fallow. Some people see this book as some kind of right-wing propaganda. It isn't. Wolfe, despite his own more or less conservative views, allows the story to tell itself without a lot of interpretation from above. Each character is a complex individual with his or her own unique motivations and mixture of vice and virtue. We spend time inside the minds and private lives of a wide variety of people and are allowed to make our own judgements about who deserves what measure of praise or blame. If there is any prejudice in the book it is against people who simplify complex issues. Wolfe's world, like the real thing, is brimming with paradox.