by Neville Kennard, veteran preaching and practising capitalist
Because roads are mostly publicly-owned the economics of traffic, of traffic-jams, of breakdowns and disruption, of accidents is not presented or costed in economic terms. Costs and delays to commuters and to trucks and commercial traffic is not counted in dollar terms.
If roads were privately-owned, as they should be, the owners of good, safe, fast roads would spell out the economic advantages of their better roads over the costs and delays of their competitors’ slow, dangerous uncomfortable roads.
It is a Tragedy of the Commons, where public roads get under-charged (in direct cost terms) and over-used. Rationing of use of public roads is by inconvenience and traffic-nuisance rather than by price. The Sydney Harbour Bridge changes toll charges in peak-hours. Were the Sydney Harbour Bridge sold off, privatised, and competitive bridges and tunnels allowed to compete for service and safety and convenience we could see great strides in our motoring and commuting and commercial travelling experiences.
We could see High Speed Lanes where suitably qualified vehicles and drivers could travel at much higher speeds and be charged accordingly. How much would you pay to drive your Ferrari at 250 KPH on a beautiful safe road? Isn’t that why you bought a Ferrari?
We could see Accident Prevention Innovations as Highway Owners sought to give their driver-customers an optimal experience. We could see traffic flow innovations as Highway-Owners sought to keep the customers on their road and not defect to the opposition.
“Privatise Everything” is the Hoppean (Prof Hans Hermann Hoppe) mantra. And to start with, streets and roads, as they were among the first Public Properties.
Traffic Economics, Road Economics, Street Economics — getting the politics out of roads, streets, highways and traffic is an essential part of allowing the market to do its thing and perform its wonders.
I have an idea for Tunnel Title, where entrepreneurs can Homestead the land beneath cities and farms, beneath roads and rivers and harbours. With Tunnel Title the ownership is absolute, full title and ownership, so the Tunnel and Highway developer and operator and owner has normal freehold property rights, forever or until he wants to sell, lease or otherwise voluntarily dispose of his property.
Recommended readings on privatising roads
- Welcome from Neville Kennard
- Think Tanks Don't Work
- "Market Failure": Just what the government ordered!
- The Tragedy of the Tax Pool Commons
- Corporate Welfare
- Citizenship for Sale?
- I Don't Vote
- Voting: Right or Privilege?
- Stockholm Syndrome and our Love-Hate Relationship with Government
- Civil Disobedience: The Rules of Engagement
- Should Respect for Law Extend to Bad Laws?
- Jaywalking as a Demonstration of Individuality
- Government Likes War
- Collusion is Our Right
- Why Not the Drug Olympics?
- Unconventional Wisdom
- Tiger Farming: An Alternative to Extinction
- Looking Backwards: Mont Pelerin Society Conference, Sydney, 2010
- Tax Avoidance is a Patriotic Duty
- Kennard Writes to IPA Review Editor
- Genocide by Welfare: A Tragedy from the Aboriginal Welfare Industry
- Separating Sport and State
- Your Home is Not an Investment
- Dick Smith, Celebrity Philanthropist
- A Libertarian's New Year's Resolution
- Extend Politicians' Holidays to Create Prosperity
- Entrepreneurs are Disruptive, and Bureaucrats Hate It
- What is a good Australian?
- Governments Like Employment But Hate Employers
- The Market Failure Industry
- Neville Kennard: The Tax Avoidance Imperative
- Wot if ...?
- The Tribal Chief and the Witch Doctor
- The Tannehills
- Democracy versus Property Rights and Prosperity
- Government Doesn't Work, and That's the Way They Like It
- Minarchy vs Anarchy
- Euthanasia and Self-Ownership
- The Right Policies to Fix a Depression
- Is Howard Our Best PM?
- Tax Producers vs Tax Consumers
- Where There's a Queue, There's a Business Opportunity
- Authoritarian Freedom
- Why Classical Liberals Should Debate Anarchocapitalists
- The Tyranny of the Majority
- If you could choose to whom you paid your tax
- Business Should Exploit Boat People
- The Immorality of Trade Unions
- "America" vs "The United States"
- Sweet Anarchy
- The Illusion of "Job Creation"
- Gold Is Money
- Guilty Capitalists
- Prosperity vs Growth
- Capitalism vs Democracy
- More people = More fun
- Self-Ownership - the very idea!
- Government will murder Neville Kennard if he doesn't back away
- The Australian Dollar Has Been Cowardly and Criminally Devalued, Harming the Poor Particularly
- Is Taxation Theft and Government a Tax Cheat?
- My Journey to Anarchy:
From political and economic agnostic to anarchocapitalist
- Government Needs Bad Guys –
that's why they like wars
- What Is Obscene?
- Traffic Economics
- Wayne Swan stands on the shoulders of other intellectual pygmies
- Neville Kennard Obituary