A term coined (popularized?) by Norman G. Finkelstein in his book by the same name. In the book, Finkelstein contends that some leaders of the Jewish community have inappropriately used the Holocaust as a tool to scare Jews into thinking that there is more anti-Semitism now than there really is, in order to raise money and to support Israel.
He believes that many American Jews are not following Judaism as a way of life, and have replaced Judaism with mere fear about anti-Semitism and fund-raising for Jewish causes. His book has been sharply criticised by other scholars as being reactionary and exagerrated.