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This theoretical essay takes up charter schooling as a form of neoliberal educational reform. This essay grapples with multiple theoretical ideas to present a novel way of thinking about charter schooling, especially charter networks, as a form of racialized enclosure. This essay uses the concept of “the commons”— a form of communal wealth that historically nourished the masses— and applies it to public education. We do so to understand the charter school movement as a form of enclosure, a move towards taking a public good and limiting access to it to create a private gain. We argue that this process acts as a form of accumulation by dispossession that is racialized in how it is enacted. We present charter schools as a form of racialized enclosure that ultimately creates a privatized gain while ultimately failing to deliver on promises of better schooling, most frequently in urban spaces.