Economic Inequality and the New Gilded Age

In this episode of the Chuck ToddCast, historian Heather Ann Thompson discusses her new book “Fear and Fury: The Reagan Eighties, the Bernie Goetz Shootings and the Rebirth” that revisits the 1984 Bernie Goetz subway shooting and explains why it remains a chilling precursor to the racialized fear and political rage shaping America today. Thompson walks through who Goetz was, how he shot four unarmed Black teenagers, and how—without video evidence—the media constructed a vigilante narrative that erased the victims and fueled public support for Goetz despite his own recorded confession. She situates the case in a New York City gripped by crime, austerity, and racial anxiety, arguing that fear was real but deliberately misdirected by sensationalist media, tabloid culture, and political leaders who framed young Black men as the threat while stripping away public resources.

The conversation traces how Reagan-era policies, talk radio, and the tabloidification of news helped turn crime into profitable outrage, laying the groundwork for stop-and-frisk, the Central Park Five, and ultimately the politics Donald Trump would later master. Thompson connects the Goetz case to today’s wealth inequality, media groupthink, and deep political divides over racialized violence, showing how these stories are not aberrations but part of a long continuum. The episode is a sobering examination of how fear, race, and media narratives can warp justice—and how understanding that history is essential to understanding where America is now.

Get your wardrobe sorted and your gift list handled with Quince. Don't wait! Go to https://Quince.com/CHUCK for free shipping on your order and 365-day returns. Now available in Canada, too!

Protect your family with life insurance from Ethos. Get up to $3 million in coverage in as little as 10 minutes at https://ethos.com/chuck. Application times may vary. Rates may vary.

Thank you Wildgrain for sponsoring. Visit http://wildgrain.com/TODDCAST and use the code "TODDCAST" at checkout to receive $30 off your first box PLUS free Croissants for life!

Timeline:

(Timestamps may vary based on advertisements)

00:00 Heather Ann Thompson joins the Chuck ToddCast

01:30 Bernie Goetz was an early analog for the white rage we see today

02:30 Who was Bernie Goetz & what is the history of the story?

03:00 NYC felt like a city in crisis during the 80’s

04:00 Goetz shoots four unarmed black teenagers

05:00 There was no footage of the shooting & media shaped the event

06:00 Goetz was celebrated by white New Yorkers as a vigilante

06:45 Goetz gave lengthy video confession & still acquitted on most chargers

08:00 The victims have been completely written out of the story

09:00 Victims were denied compensation by the city’s crime victim fund

10:00 The shooting destroyed the victim’s lives even though they survived

11:45 New York felt like a city on the brink in the 1980’s

12:30 New Yorkers were living in fear of many parts of the city due to crime

13:45 Media clearly made the “threat” young black men

14:30 By 1984, trash was piling up and areas of NYC were underpoliced

15:30 The fear was warranted, but was misdirected by Rupert Murdoch, others

17:30 The Reagan administration doubled down on austerity

18:45 Eventually NYC experienced a renaissance, the “Guiliani miracle”

19:45 Austerity was sold on the idea of the “underserving” & criminal underbelly

20:45 Stop & frisk and other policies pushed underclass further away from Manhattan

21:30 Trump was a beneficiary of these politics & rode them to the White House

22:15 Trump is a creature of the 80’s since that era was best for him

23:30 Trump understood the power of television, fear & race baiting

24:15 Trump sells what the Reagan revolution sold, targeted working class whites

25:00 Impact of the Goetz story on the Central Park 5 story

26:30 The tabloidification of the national media was born out of 80’s NYC

27:30 Talk radio was central in turning crime into high rating media content

28:15 Subway shootings were rare, but everyone feared them

29:30 Reagan’s policies stripped away resources that led to working class crises

30:15 Reagan gutted multiple public programs

31:15 Under Reagan, the tax burden was shifted away from the wealthy

32:00 Similarities between the early 1900’s and early 2000’s 

33:15 America is in a wealth inequality crisis & target of misinformation campaign

34:30 Media groupthink was a contributing factor to Bernie Goetz’s acquittal

35:15 Goetz case peeled back the veneer hiding overt racism

36:15 Media sands the edges of stories to avoid controversy over coverage

37:00 Sensationalist, conservative media has become very successful

38:30 Alternative press covered the Goetz story much differently

39:15 Bronx jury awarded one of the victims $43 million

40:00 Goetz shooting was an unhinged story, but shows how we got here

42:00 There are political dividing lines over racialized shootings

43:15 Society meant to aspire to wealth, but live with suspicion & fear on streets

44:00 What’s the thread between the urban stories that you’ve told?

45:00 There was a massive cover up at Attica

45:45 If it wasn’t Goetz, it would have been another similar incident

47:00 How long after an event do you think is the sweet spot for telling story?

49:15 As a society, we don’t have patience for context

49:45 Checking personal bias when reporting a historical event

52:30 What Heather is working on next

See omnystudio.com/listener for privacy information.