The Roaring Nineties in Architecture

In his book The Roaring Nineties professor Joseph Stiglitz, Nobel Prize of Economy 2001, compares current situation (in 2003) to the time that drove the world into the Great Depression. Those days produced excesses in the economy and in architecture. It is true that at the same time the best modern architecture was built then (for example the Barcelona Pavilion and the Villa Savoye). In our times some virtual architecture is going to be considered an example of an "era of vulgarity and ambition" (read this article in the New York Times). Arup, the company that has built almost everyone of the frivolous and scandalous building of the recent “starchitecture” considers a rectification is on its way because of the financial crisis:

“One thing that has slightly disappointed me in the broad architectural world of late, and I think the difficult financial situation we all find ourselves in is going to improve this, is that I think some architecture became quite frivolous, it was doing things that were slightly crazy, just because we could.”

Philip Dilley, Chairman Arup

Nevertheless, there are some other critics who do defend the Star System leaning on a sort of architectural version of the "Trickle-down" theory of the neoliberal economy: Spectacle-Architecture supposedly benefits everybody as "it has opened up possibilities for the young and lesser known". Isn't that interesting?