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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

(in order of appearance on
  1. Welcome from Neville Kennard
  2. Think Tanks Don't Work
  3. "Market Failure": Just what the government ordered!
  4. The Tragedy of the Tax Pool Commons
  5. Corporate Welfare
  6. Citizenship for Sale?
  7. I Don't Vote
  8. Voting: Right or Privilege?
  9. Stockholm Syndrome and our Love-Hate Relationship with Government
  10. Civil Disobedience: The Rules of Engagement
  11. Should Respect for Law Extend to Bad Laws?
  12. Jaywalking as a Demonstration of Individuality
  13. Government Likes War
  14. Collusion is Our Right
  15. Why Not the Drug Olympics?
  16. Unconventional Wisdom
  17. Tiger Farming: An Alternative to Extinction
  18. Looking Backwards: Mont Pelerin Society Conference, Sydney, 2010
  19. Tax Avoidance is a Patriotic Duty
  20. Kennard Writes to IPA Review Editor
  21. Genocide by Welfare: A Tragedy from the Aboriginal Welfare Industry
  22. Separating Sport and State
  23. Your Home is Not an Investment
  24. Dick Smith, Celebrity Philanthropist
  25. A Libertarian's New Year's Resolution
  26. Extend Politicians' Holidays to Create Prosperity
  27. Entrepreneurs are Disruptive, and Bureaucrats Hate It
  28. What is a good Australian?
  29. Governments Like Employment But Hate Employers
  30. The Market Failure Industry
  31. Neville Kennard: The Tax Avoidance Imperative
  32. Wot if ...?
  33. The Tribal Chief and the Witch Doctor
  34. The Tannehills
  35. Democracy versus Property Rights and Prosperity
  36. Government Doesn't Work, and That's the Way They Like It
  37. Minarchy vs Anarchy
  38. Euthanasia and Self-Ownership
  39. The Right Policies to Fix a Depression
  40. Is Howard Our Best PM?
  41. Tax Producers vs Tax Consumers
  42. Where There's a Queue, There's a Business Opportunity
  43. Authoritarian Freedom
  44. Why Classical Liberals Should Debate Anarchocapitalists
  45. The Tyranny of the Majority
  46. If you could choose to whom you paid your tax
  47. Business Should Exploit Boat People
  48. The Immorality of Trade Unions
  49. "America" vs "The United States"
  50. Sweet Anarchy
  51. The Illusion of "Job Creation"
  52. Gold Is Money
  53. Guilty Capitalists
  54. Bureauphobia
  55. Prosperity vs Growth
  56. Capitalism vs Democracy
  57. More people = More fun
  58. Self-Ownership - the very idea!
  59. Government will murder Neville Kennard if he doesn't back away
  60. The Australian Dollar Has Been Cowardly and Criminally Devalued, Harming the Poor Particularly
  61. Is Taxation Theft and Government a Tax Cheat?
  62. My Journey to Anarchy:
    From political and economic agnostic to anarchocapitalist
  63. Government Needs Bad Guys –
    that's why they like wars
  64. What Is Obscene?
  65. Traffic Economics
  66. Wayne Swan stands on the shoulders of other intellectual pygmies
  67. Neville Kennard Obituary
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