Though RISKY BUSINESS arrived with a busload of D-grade teen-sex comedies inspired by
Porky's (and a young Tom Cruise had even starred in one of them, the little-remembered
Losin' It), critics immediately recognized that this was a much smarter, sharper dark comedy about American values in the 1980s, not just a bunch of dirty jokes in the locker room. Joel (who also belongs to a school-age business group called Future Enterprises) is like the nice, well-bred kid next door who attains personal and professional rewards not through the traditional paperboy route, but through vice. The lesson at the end is that, yes, this is the way the game is played, even if the "respectable" adult world pretends otherwise.
The question for parents is whether kids watching this perverted Horatio Alger story will comprehend that it was meant to be a commentary on Reagan-era greed and upper-class criminality. In bygone days of Judeo-Christian censorship in Hollywood scripts, Joel would be severely punished just for thinking about doing what he does. None of that here, and discussion ought to follow about what is satire and what is an approving look at being cool via running a suburban whorehouse for school-agers.