When our times finally come to rest in the history texts, I think they will be called the Age of Enclosure—the age of privatization. It is a time when everything has become a commodity, and everything is for sale.
The opinion establishment was in raptures over the resulting money gush. Now that the party’s over, they pine for a return. Yet as the concept of the market comes to define all human experience, so too does the market’s central paradox: the way it creates scarcity even as it produces abundance.