For one thing, it looks great. The outdoor scenes are shot in a style common in the early 1980s before the fashion caught on in the later 1980s that a psychologically "dark" movie had to be visually "dark," with a typically muted blue-gray palette. Instead, Stone films Laguna Beach like a photographer for National Geographic, in bright sunshine with the sun low in the sky to provide warmth. The idea is simple but effective: exactly how far would you go to be able to afford to live in a place that looks this great?
The best part is when Stone interviews the one female Presidente, the wife of Kirchner of Argentina, who ran his wife in his place when he got term-limited out of office. I can't recall Stone ever creating an interesting female character, and he seems peeved that Mrs. Kirchner has gotten into the Leftist Leader Boys Club of his dreams on a technicality. So, he asks this rich and spoiled looking political wife, "How many pairs of shoes do you own?" She immediately recognizes this reference to Imelda Marcos and chews an abashed Stone out for several minutes for his sexist impertinence.
A lot of people don't like the ending, but if you've been as fascinated as long as I have by the question of which federal laws apply on reservations of American Indian nations and which don't, then John Travolta's last line in the movie is perfect.