Eridute, maybe, but is he on target? Lapham seems utterly fixated on the idea of America as a decadent, corrupt, decaying Empire, but is that really the case? See my earlier post on the subject.
Lapham seems to view everything through a highly specific moral lens: that money is the root of all evil. Or maybe more accurately, that GRUBBING for money is the root of all evil. This is a classic upper class elitist position and I for one find it rather annoying--not being anywhere near the upper class myself, naturally.
America, he thinks, pursues money at the cost of everything else, and he often implies that the worst thing is really how vulgar we are at it. However Lapham himself is one of the prime beneficiaries of the American pursuit of money. Wasn't he born to inherited wealth? How clean was that money? Didn't somebody grub for that? And isn't he the editor of a magazine that no doubt pays him a good salary?
So he's criticizing the pursuit of money from a very comfortable vantage point. It opens him to the same charge that Norm Chomsky or Gore Vidal are vulnerable to; they are all huge and often vicious critics of a system of which they are prime beneficiaries and thus one wonders how serious they really are. Are they posing? Working out Daddy issues? Are they in some way back handed apologists for the system? IOW, by being so insistent that the system is utterly corrupt, are they not really teaching people that this is the way the system HAS to be? And then they end up benefiting from the corruption they so loudly and publically decry.
So I think Noah did go after a worthy target, but maybe not as well as it could have been done.