         Wealthism describes a set of attitudes directed at the wealthy by the nonwealthy. "Wealthism includes those actions or attitudes that dehumanize or objectify wealthy people, simply because they are wealthy. The main attitudes of wealthism are envy, awe, and resentment. . . . Wealthism differs from the other 'isms' in that racism and sexism are perpetrated by those who have power, whereas wealthism is directed at those who have power."
- Joanie Bronfman, The Experience of Inherited Wealth: A Social-Psychological Perspective |
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Labors of Love:
The Legacy of Inherited Wealth, Book II
I N T R O D U C T I O N ( E x c e r p t )
Physicist Henry W. Kendall was a man of immense
curiosity and enthusiasm. Life was an adventure for him. He was an expert
mountaineer, a superb photographer, and an inventor. In 1990, he and
two fellow physicists were awarded a Nobel Prize for their discovery
of the quark. Even after winning the Nobel, he continued to bring his
lunch to work in a brown bag and answer his own telephone. Kendall's
life was also guided by a deep sense of moral responsibility. He co-founded,
in 1969, of The Union of Concerned Scientists.
Kendall was an heir. He didn't need his salary. His father,
an entrepreneur, founded Kendall Co., which manufactured, among many
other useful things, Curad bandages. Henry died at age seventy-two while
taking photographs on a scuba expedition. Columnist Lee Dye eloquently
summed up his life: "Despite all the doors his Nobel could have
opened, Kendall continued teaching freshman physics at MIT. Those young
minds, he believed, needed to understand that sometimes the toughest
problems are outside the laboratory. He was, after all, a man who loved
to climb mountains."

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