Historically enclosure referred to the feudal appropriation of common land or public goods by a cartel or nobility. In modern terms it refers to the process by which businesses corner a market through predatory capitalism and regulatory capture to ensure they can rent seek in perpetuity. This is often done through undercutting competitors through anti-competitive pricing schemes or subsidizing services by an influx of external capital to drive out competition.
See also market manipulation, public goods problem and free rider problem.
- UK Parliament (2021). "Enclosing the Land". London: UK Parliament. Retrieved 14 May 2021.
- Varoufakis, Yanis. "Techno-feudalism is taking over." Project Syndicate Op-ed 28 (2021).