It was 1997 not 1947. Those parts were skeevy even then. People were even more sensitive about power dynamics and women's rights. Clinton was raked over coals for an inappropriate relationship with an underling. Nowadays Trump can pay for sex while his wife is pregnant and gets elected President.
We've gone backwards.
I'll amend my statement. If markets were actually efficient then Warren Buffet couldn't have become a billionaire because everything would have already been "priced in".