I saw it on New Year’s Eve and liked it a lot. But, I think it’s best taken as a series of brilliant set pieces. String them together and you have a fairly predictable narrative arc, and a thematic point ( [SPOILER] Greed is bad) that isn’t going to change anyone’s mind. But the set pieces are incredibly well done because Scorcese. And Leo Dicaprio is just great in it.
Some people are upset because the movie doesn’t condemn the behavior it depicts. Yikes. Scorcese is obviously showing us behavior he finds so extraordinarily bad that he was motivated to make a movie about it. To tack on some moralizing elements would only lessen the impact, because that would imply that we need to be told that the behavior depicted is bad.
Mike Ryan at HuffPo writes about this question and, citing Chuck Klosterman, compares Leo’s character to Archie Bunker. But there’s very little to understand about Archie. He’s a bigot and ignorant. Haha. Wolf of Wall Strett instead shows us a sub-culture that is twisted and extreme, but is coherent within its own little world. There’s something to understand there, which is why Leo is able to give an Oscar-worthy performance. In that it’s much like The Godfather or The Sopranos, not to mention Good Fellas. It is also more like American Psycho than like Wall Street. (And speaking of Oliver Stone, one of my very least favorite directors, if you want to be hit repeatedly with a gigantic Morality Hammer, watch Platoon, if you can get through it.)
Good Fellas is a better movie than Wolf (in my opinion, natch) because it is less predictable, the main character is more morally nuanced, there are more unforgettable characters, etc. But I thought Wolf was very good, very entertaining, and treated us like moral grownups.