{"id":1195,"date":"2005-06-07T10:41:48","date_gmt":"2005-06-07T14:41:48","guid":{"rendered":"http:\/\/blogs.law.harvard.edu\/nateptest\/2005\/06\/07\/from-land-of-whaling-to-land-of-wea"},"modified":"2005-06-07T10:41:48","modified_gmt":"2005-06-07T14:41:48","slug":"from-land-of-whaling-to-land-of-wealthy","status":"publish","type":"post","link":"https:\/\/archive.blogs.harvard.edu\/natep\/2005\/06\/07\/from-land-of-whaling-to-land-of-wealthy\/","title":{"rendered":"From land of whaling to land of wealthy"},"content":{"rendered":"

<\/a><\/p>\n

We were in Nantucket this weekend, and got back Sunday.  By coincidence, the Times ran an article on the new hyper-rich of America, and the effect they are having on places like Nantucket<\/a>.<\/p>\n

I found this<\/a> one of the most interesting parts of the day’s articles:<\/p>\n

\"\"<\/p>\n

Note how money is moving toward the disparities we saw in the early 20th century.<\/p>\n

Anyway, as regards Nantucket, I found the clash between the old nouveau
\nriche and the new nouveau riche quite fascinating, and I wonder if the
\nprocess we have seen in the past will repeat itself, with the new rich
\nbecoming classy and part of the money society, rather than crass
\nspenders.<\/p>\n

Moreover, I wondered.  Just as Edith Wharton chronicled the rise
\nof the rich in the Gilded Age, I wonder who our chronicler of the New
\nGilded Age will be.<\/p>\n

There’s been a little discussion running in the comment section of an earlier entry on this series<\/a>. 
\nThe discussion has been on which constitutes the greater, more
\naffective marker of class: educational-type attainment or gross
\nwealth.  I’m going to remain cagey on the matter, as I’m enjoying
\nwatching my friends try to figure this out.  but I have to wonder
\nif the lesson from the other day’s Nantucket article is that the rich
\ndevelop “class” as they settle into their money.  The old rich in
\nthe article are not necessarily the new rich of 100 years ago.  Go
\nto the island, and the leading families–the Starbucks, the Coffins,
\nthe Gardners–are mostly the descendants of some of the original 17th
\ncentury settlers.  They have been this way for hundreds of
\nyears.  And the nouveau riche of the 19th century are not so
\nwell-represented.  So I’m not sure that we can depend upon the new
\nrich developing the sense of obligation or of the privilege of
\nprivilege.<\/p>\n","protected":false},"excerpt":{"rendered":"

We were in Nantucket this weekend, and got back Sunday.  By coincidence, the Times ran an article on the new hyper-rich of America, and the effect they are having on places like Nantucket. I found this one of the most interesting parts of the day’s articles: Note how money is moving toward the disparities we […]<\/p>\n","protected":false},"author":709,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[46],"tags":[],"class_list":["post-1195","post","type-post","status-publish","format-standard","hentry","category-politicks"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5G3PH-jh","_links":{"self":[{"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/posts\/1195","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/users\/709"}],"replies":[{"embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/comments?post=1195"}],"version-history":[{"count":0,"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/posts\/1195\/revisions"}],"wp:attachment":[{"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/media?parent=1195"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/categories?post=1195"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/archive.blogs.harvard.edu\/natep\/wp-json\/wp\/v2\/tags?post=1195"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}