Anti-dynastic trust law reflected market ideology, not hostility to wealth

Evidence

Why was the law hostile to the dynastic trust? It was not so much envy and hatred of the rich, as suspicion of any arrangement that locked assets up and kept them off the market. The Massachusetts solution was to broaden the power of trustees, so that they too could trade in the market. — Lawrence M. Friedman, A History of American Law, 1508

Categorization

• XREF: Picks up ch26’s theme that Americans distrusted concentrations of economic power and aligns with the anti-monopoly reasoning behind patent law later in this very chapter. — connects to: Market ideology functions to repress freedom rather than secure it — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 600; Pro-enterprise tort rules reflected broad consensus rather than judicial conspiracy — Lawrence M. Friedman, A History of American Law, 1799

Broader Connections

• Market ideology functions to repress freedom rather than secure it #responds-to (0.80) — Fredric Jameson, Postmodernism, or, The Cultural Logic…, 600