Thompson rightly concludes that the American dream is already dead by the 70s.
Important context for that is that the novel is a famous, and relatively early, meditation on the failures of the 1960s counterculture movement and the intense, if ultimately unfocused vision for a better future for the nation that was central to it.
I’m actually a huge fan of scalping and hope it happens more. Here’s why: many of your more dim-witted, more or less middle-class “free market” bros will gladly tell you that the value of a good is set by supply and demand. Hospital care is so expensive because there are comparatively few doctors, MRI machines, etc. in comparison with the entire population. Houses are so expensive because everyone wants a house and it’s an appreciable asset. I’ve seen these people my entire life. They’ll decry socialism and make the age old joke that “socialism is when no potato.” But the second a PS5 gets a street price of 700 bucks, suddenly they become walking “Homer Simpson fading into the hedge and coming back out wearing a different outfit” memes. They’ll say things like “scalping should be illegal” or “the government should step in to make sure that the actual consumers who want one can get one - nobody should be allowed to buy 500 of them and just sit on them forever.” Suddenly, market economics produces a state of inequality that doesn’t directly benefit them, and the guiding hand of the government should be used to ensure equitable distribution of resources. Not that they’d ever reflect on this in any way or consider how their personal experiences indicates a larger set of structural problems with the economic systems that produce such a state of affairs.
To quote Ryan Letourneau, “Gen Z is Puritanpilled.” Seriously, I’ve found post-millennial generations to be extremely prudish. I think part of it has to do with the fact that as the internet evolved and became mainstream (and more profitable by catering to general audiences), the edgy or adult content became more ghetoized and quarantined over time. Used to be you’d go to reddit and there’d be porn on the front page. There’s like a 0% change of finding something NSFW on the front page there now. As such, younger people who grew up with the modern incarnation of the internet have a very different perspective on sexual content than those of us who grew up with a more “wild west” style internet where porn was just something that lived alongside the more mundane content. The side-effect of this is also that content like the John Irving novels you’re talking about are treated as if they’re grotesque for presenting sex as just another part of people’s lives - something that you’re not supposed to be shy about or ashamed of. Which is, uh…concerning, for a number of reasons. Other theories are that the world in which we live has eroded platonic relationships among young people and that they want to only see platonic friendships among characters, as that’s the vicarious experience they most desire.