1324:"In Russia communism's failure was epitomized by constant shortages in stores. Empty shelves in supermarkets and department stores and customers in line, wasting hours each week, became the face of the system's failure, as well as a source of huge personal frustration, even rage. Communism failed because prices were not flexible to match supply and demand; because stores were bureaucracies, not businesses; and because revenues went into a central treasury and did not fuel increased capacity and improved service. We in supposedly capitalistic America suffer communism--an unpriced service provided by an unresponsive monopolistic bureaucracy--on most of our highways. Our manifestation of shortage, our equivalent of Russian lines at stores, is daily highway backups. There is no price on rush-hour travel to clear the market. There is no revenue stream directly from road users to road managers to provide incentives either to manage existing capacity to maximum consumer advantage or to adjust capacity to demand."
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Women may walk alone with perfect confidence on our thoroughfares." A criminal, forbidden to use any city street because all the street corporations knew of his bad reputation, would have a hard time even getting anywhere to commit a crime. On the other hand, the private street companies would have no interest in regulating the dress, "morals," habits, or lifestyle of the people who used their streets. For instance, they wouldn't want to drive away customers by arresting or badgering hippies, girls in see-through blouses or topless bathing suits or any other non-aggressive deviation from the value standards of the majority. All they would ask is that each customer pay his dime-a-day and refrain from initiating force, obstructing traffic, and driving away other customers. Other than this, his life-style and moral code would be of no interest to them; they would treat him courteously and solicit his business.
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1396:. He says that the cost of transportation increases disproportionately with the size of a firm; he believes that in a free market, there would be strict upper limits to the size and power of corporations, and small businesses would have natural advantages. He continues by arguing that government subsidies to transportation, however, make large, centralized corporations artificially profitable, contributing to corporate dominance of the economy.
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1429:(in the case of franchised publicly owned roads) and/or savings of public capital costs, can offset the resulting monopoly profits in terms of societal costs, but there are distributional issues in that the income is spread over an entire region while the burden falls on a small subset of that region's population who actually need to use the road. Also, it is difficult to predict the long term
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A private corporation which owned streets would make a point of keeping its streets free of drunks, hoodlums, and any other such annoying menaces, hiring private guards to do so if necessary. It might even advertise, "Thru-Way
Corporation's streets are guaranteed safe at any hour of the day or night.
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associated with charging for entry to roads. These include explicit costs like the building of toll booths and paying guards and other associated personnel, as well as implicit costs like wait times and mental processing costs. Especially for smaller roads these transaction costs would make
1413:. Kroeger claims, "This would result in an incredibly inefficient use of land resources." When there is only one highway connecting points A and B, the main advantage of privatization, competition, disappears. In the absence of
1304:- in this case, a shortage of roads, lanes, exits, or other infrastructure. Seeing the pricing mechanism of a free market as a more efficient means of meeting demand than government planning (see
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A counter-argument is that while a lone highway connecting A to B may not have any other competition from other highways, it would still have to compete with trains, planes, and other roads.
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argues that when roads are privately owned, local residents will be better able to prevent crime by exercising their right to ask miscreants to leave. He observes that avenues in the
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1378:. If most people would not want to share a road with a certain group of people, it would be economically beneficial for the company to discriminate against those people.
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Levinson, David; Odlyzko, Andrew (2008-03-06). "Too expensive to meter: the influence of transaction costs in transportation and communication".
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originally built with public funds) was leased for three billion CAD and was subsequently valued at nearly ten billion CAD. While alternate
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and other forms of transportation may provide some competition, it is often impractical, especially for goods.
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Xiao, Feng; Yang, Hai; Han, Deren (March 2007). "Competition and efficiency of private toll roads".
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Transactions of the Royal Society A: Mathematical, Physical and Engineering Sciences
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is the result of excess demand for transportation infrastructure, it may be treated as any other
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1697:"The Distorting Effects of Transportation Subsidies | the Freeman | Ideas on Liberty"
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privatisation undesirable, as it is unlikely for the benefits to outweigh the possible costs.
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has been cited by proponents such as Murray
Rothbard as a reason for privatizing roads: since
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Libertarian
Solutions: Private highways: A solution whose time has come (again)?
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is the idea that it is possible and desirable for a society to have entirely
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1742:"CPP Investment Board to Buy 10% of 407 Toll Road for About $ 878 Million"
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To Serve and
Protect: Privatization and Community in Criminal Justice
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The
Privatization of Roads and Highways: Human and Economic Factors
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Free-market roads and infrastructure are generally advocated by
1860:
1336:"Privatization will encourage better infrastructure management"
18:
1723:"Government Bureaucratic Waste vs. Private Sector Efficiency"
1288:"Private roads can have no free riders, reducing congestion"
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One criticism of this argument is that it ignores possible
1553:
Highway
Aggravation: The Case for Privatizing the Highways
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Highway
Aggravation: The Case for Privatizing the Highways
1680:"Chapter Two: A Literature Survey on Economy of Scale"
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49:. Unsourced material may be challenged and removed.
1503:For a new liberty : the libertarian manifesto
1382:"Free market roads will encourage small business"
1417:, a private highway could charge an exorbitant
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1567:Transportation Research Part B: Methodological
1555:, Cato Policy Analysis No. 231, June 27, 1995.
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1452:"Transaction costs can outweigh benefits"
1425:and few benefits for drivers. An initial
109:Learn how and when to remove this message
1392:argues that transportation is a natural
1348:"Free market roads will have less crime"
265:Free association (Marxism and anarchism)
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132:
1638:
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7:
1405:"Roads are often natural monopolies"
1107:Libertarianism in the United Kingdom
47:adding citations to reliable sources
2506:Libertarianism in the United States
1456:As with any transaction, there are
1400:Arguments against free market roads
1112:Libertarianism in the United States
2382:The Problem of Political Authority
1740:Alexander, Doug (5 October 2010).
14:
2161:Title-transfer theory of contract
532:Anarcho-capitalism and minarchism
1969:
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23:
1685:– via members.tripod.com.
1283:Arguments for free market roads
390:Natural rights and legal rights
34:needs additional citations for
16:Concept promoting private roads
2362:The Myth of the Rational Voter
2352:Democracy: The God That Failed
1599:Klein, Daniel (January 1998).
1437:(an express toll highway near
1102:Libertarianism in South Africa
1017:Center for Libertarian Studies
1:
1308:), Peter Samuel, in his book
220:Decriminalization of sex work
1907:Austrian school of economics
1657:. p. 61. Archived from
1433:of a road. For example, the
1306:Economic calculation problem
1052:Freeman on the land movement
375:Libertarianism (metaphysics)
280:Free-market environmentalism
1097:Libertarian science fiction
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2322:Defending the Undefendable
1922:Subjective theory of value
1778:Ludwig von Mises Institute
1651:Tannehill, Linda; Morris.
1607:December 15, 2006, at the
1508:Ludwig von Mises Institute
1506:(epub ed.). 504/897:
1132:Sovereign citizen movement
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1967:
1626:New York University Press
1620:Benson, Bruce L. (1998).
1579:10.1016/j.trb.2006.05.002
1500:Rothbard, Murray (1973).
1159:Libertarianism portal
2312:The Machinery of Freedom
2082:Non-aggression principle
2055:Jurisdictional arbitrage
1949:Labor theory of property
1537:: CS1 maint: location (
1266:The Machinery of Freedom
1077:Libertarian conservatism
500:Workers' self-management
400:Non-aggression principle
1961:Individualist anarchism
1376:consumer discrimination
1092:Libertarian Republicans
410:Participatory economics
255:Expropriative anarchism
2292:The Market for Liberty
1813:10.1098/rsta.2008.0022
1654:The Market for Liberty
1372:
1362:The Market for Liberty
1256:The Market for Liberty
1032:Conscientious objector
415:Propaganda of the deed
365:Individual reclamation
360:Individualist feminism
320:Freedom of information
300:Freedom of association
260:Federalism (anarchist)
2436:Intellectual property
2332:The Ethics of Liberty
1939:French Liberal School
1481:Transit privatization
1320:grocery store lines:
1087:Libertarian socialism
1082:Libertarian Democrats
1012:Austro-libertarianism
930:Historical background
557:Intellectual property
485:Voluntary association
310:Freedom of conscience
165:Anti-authoritarianism
160:Age of consent reform
2501:Right-libertarianism
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2342:To Serve and Protect
1995:Corporate governance
1934:Classical liberalism
1421:, resulting in huge
1312:, compares American
1171:Anarchism portal
1137:Technolibertarianism
1122:Public choice theory
1072:Green libertarianism
1027:Classical liberalism
1022:Civil libertarianism
938:Age of Enlightenment
547:Foreign intervention
395:Night-watchman state
43:improve this article
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2045:Freedom of contract
2020:Economic liberalism
1944:Homestead principle
1917:School of Salamanca
1805:2008RSPTA.366.2033L
1799:(1872): 2033–2046.
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1183:Politics portal
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345:Homestead principle
325:Freedom of religion
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58:"Free-market roads"
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2411:Capital punishment
2372:The Voluntary City
2212:Hans-Hermann Hoppe
1888:Anarcho-capitalism
1298:traffic congestion
1294:free rider problem
1276:The Voluntary City
1233:anarcho-capitalist
537:Capital punishment
527:Affirmative action
440:Right to sexuality
420:Property is theft!
335:Freedom of thought
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2302:For a New Liberty
2207:David D. Friedman
2156:Spontaneous order
2146:Right to property
2035:Free-market roads
2000:Counter-economics
1458:transaction costs
1302:economic shortage
1261:David D. Friedman
1242:For a New Liberty
1235:works, including
1222:Free-market roads
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1062:Geolibertarianism
1037:Constitutionalism
992:Anti-collectivism
897:National variants
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60: –
59:
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54:Find sources:
48:
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38:
37:
32:This article
30:
26:
21:
20:
2380:
2370:
2360:
2350:
2340:
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2310:
2300:
2290:
2252:Lew Rockwell
2237:Javier Milei
2197:Gerard Casey
2192:Bryan Caplan
2187:Walter Block
2166:Voluntaryism
2112:Investigator
2108:Intelligence
2059:
2034:
2015:Deregulation
1990:Civil rights
1985:Anti-statism
1822:11299/179974
1796:
1792:
1786:
1772:
1762:
1750:. Retrieved
1745:
1735:
1726:
1716:
1705:. Retrieved
1701:the original
1691:
1674:
1663:. Retrieved
1659:the original
1653:
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1621:
1615:
1595:
1570:
1566:
1560:
1547:
1521:. Retrieved
1502:
1495:
1476:Private road
1455:
1447:
1408:
1390:Kevin Carson
1385:
1373:
1368:
1360:
1351:
1342:Street Smart
1341:
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1327:
1314:traffic jams
1309:
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1002:Anti-fascism
987:Abolitionism
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606:Philosophers
592:War on Drugs
435:Right to die
340:Gift economy
180:Anti-statism
105:
96:
86:
79:
72:
65:
53:
41:Please help
36:verification
33:
2557:Objectivism
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2077:Natural law
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1748:. Bloomberg
1639:Benson 1998
1443:local roads
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572:Objectivism
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250:Evictionism
225:Departurism
99:August 2012
2536:Categories
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1707:2011-05-27
1665:2010-04-20
1487:References
1415:regulation
953:Liberalism
455:Single tax
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290:Free trade
150:Abstention
69:newspapers
2416:Criticism
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2272:Tom Woods
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1727:Daily Kos
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1533:cite book
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860:Goldwater
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1979:Concepts
1839:18325870
1770:(2009).
1752:26 April
1605:Archived
1465:See also
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807:Lottieri
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752:Bookchin
732:Paterson
677:Proudhon
652:Hodgskin
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522:Abortion
380:Localism
142:Concepts
126:a series
124:Part of
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2100:Company
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1801:Bibcode
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1435:407 ETR
1228:roads.
1226:private
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875:Johnson
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817:Brennan
792:Van Dun
767:Chomsky
717:Goldman
702:Herbert
697:Spencer
692:Thoreau
687:Bakunin
682:Andrews
672:Spooner
667:Stirner
662:Emerson
642:Bentham
370:Liberty
83:scholar
2394:Issues
2386:(2012)
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2366:(2007)
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2336:(1982)
2326:(1976)
2316:(1973)
2306:(1973)
2296:(1970)
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1829:
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1514:
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885:Hannan
812:Huemer
797:Konkin
777:Machan
772:Nozick
722:Gandhi
707:George
657:Warren
647:Godwin
514:Issues
85:
78:
71:
64:
56:
2285:Works
1843:S2CID
1683:(PDF)
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880:Milei
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802:Hoppe
782:Block
737:Hayek
727:Mises
632:Paine
627:Burke
617:Locke
90:JSTOR
76:books
2104:list
2096:Army
1835:PMID
1827:ISSN
1754:2013
1583:ISSN
1539:link
1525:2017
1512:ISBN
1316:and
1292:The
1249:and
865:Paul
757:Hess
742:Rand
62:news
2106:),
1817:hdl
1809:doi
1797:366
1575:doi
1273:'s
1263:'s
1253:'s
1239:'s
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