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872 B
Markdown
8 lines
872 B
Markdown
## Enclosure
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Historically *enclosure* referred to the feudal appropriation of common land or public goods by a [cartel](cartel.md) or nobility. In modern terms it refers to the process by which businesses corner a market through predatory capitalism and [regulatory capture](regulatory-capture.md) 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.
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See also [market manipulation](market-manipulation.md), [public goods problem](public-goods-problem.md) and [free rider problem](free-rider-problem.md).
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## References
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1. UK Parliament (2021). "Enclosing the Land". London: UK Parliament. Retrieved 14 May 2021.
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1. Varoufakis, Yanis. "Techno-feudalism is taking over." Project Syndicate Op-ed 28 (2021). |