What would it be like if all roads were privately owned?
It would not be efficient to put up a toll booth on each corner, because that would slow down the traffic. The road owners' job is to maintain the roads and provide a surface for safe and speedy transportation.
In an ultra capitalist country, would police have the right to enforce the city speed limit, OR would the road owners have the right to set the speed limit on their roads? And the biggest question, of course, is HOW WOULD ROAD OWNERS GET PAID? It's one thing to measure traffic on your road. It's another thing to collect money from each car, truck, trailer, and pedestrian that uses your road without slowing down the traffic.
Would it be possible that road owners would get paid by having huge advertisements along the road instead of forcing everybody to stop and pay a toll?
Answer:
We would have electronic devices on our windshield that would automatically charge us and debit our account. The electronic readers and accounts would be audited by other private firms to monitor fraud.
Roads would also be paid for using billboards leased by advertising companies paid to the private owner. Or other private companies would sponsor a road like Disney and have a giant Mickey Mouse painted on the pavement.
Our taxes would drop like a rock.
Roads would be smooth as glass because either private sector would maintain them or people would drive elsewhere.
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Expensive to drive on due to tolls
Chaos
it would work UP TO a point. THis is because that if a different person owned 2 feet of the same road and set their speed limit differently, it would be a mess unlees there was some agreement.
Well, first of all, you could mandate that all cars would have to have those fast trak things and then you could just apportion the tax revenue to whatever companies owned the roads. This technology is not perfect, but it is decent.
There are actually some private lane freeways and studies show it cuts down on traffic overall.
This is assuming the cost to driving on a road is well known. Then you could have some companies have sales and have everyone going down their street.
The problem is you would have companies buying each other out and charging too much to drive on their roads that the economy would be less efficient.
There would also be people tied up in court saying that they weren't driving that time or that the sign posted the wrong price or was not visible.
You'd have to pay at tolls instead of a higher gas tax.
My guess is, due to convenience, people would prefer to pay it without knowing at the pump.
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