Posted on 06/11/2017 11:05:39 PM PDT by Tolerance Sucks Rocks
1. The tolls they have to charge to make these investments pay off are high enough to deter a lot of motorists from using the road. I believe this is what has happened in Indiana over the last few years.
2. There were around 40,000 fatalities in motor vehicle crashes on U.S. roads in 2016, and many more serious injuries. In a country filled with lawyers like this one, every one of these crashes is a potential enormous financial exposure for private companies operating a toll road. There was a landmark case on one of these toll roads in the last couple of years, where the private toll company failed in its attempt to have its civil liability in a serious crash waived under the state's "sovereign immunity." The court ruled that sovereign immunity only applied to a government, not a private company operating a public road under a contract with the government. If I was an investor I would look at a ruling like that and eliminate any toll road investment from consideration.
3. Related to #2 ... As an operator of a public road you have no control over who uses your road. We have states giving driver's licenses to illegal aliens, and toll road operators have no way to control who uses these roads, how competent they are as drivers, or even whether these cretins are licensed to drive, or their cars are even registered and insured. Who in their right mind would want to conduct business under those conditions?
I look at a situation like that, and I wonder what would ever motivate a toll road operator to have any interest in it at all.
It is a horrible, crony capitalist, plan.
It is a horrible, crony capitalist, plan.
Is that why Houston has something of a seemingly similar ring-road scheme of both toll and non-toll roads?
If so, it’s horrible.
And just how many private company executives work on a 40 to 50-year perspective? Get real!
Also, in our current world, where by definition it is crowded where new capacity is needed, such private toll roads in essence work as private monopolies—taking away whatever theoretical basis for lower costs there might have been.
The gas taxes don’t go away. The income taxes don’t go away. No taxes go away. We just get to pay for the privilege of using the roads that were already constructed so we can go to work and school.
there are plenty of state highways and alternative routes literally dozens of alternative ways to get anyway without using a interstate.
If your argument is you like road socialism and like driving subsidies to continue, because damn it I want to drive whenever and wherever I want for nil cost, then you ain’t a conservative. :)
Trust the free market because the free market sets you free.
Unregulated fully privatized interstates is a solution
>>privatization is a good thing. the free market does everything better than the government; everything.
Roads are a legitimate use of government. Government roads serve everyone equally. It was Roman roads that permitted the easy spread of Christianity throughout the known world in the 1st century AD. The National System of Interstate and Defense Highways is not something for private contractors and investors to squeeze revenue from and then do minimal improvements.
In a certain city, private companies ran most of the water and wastewater plants for many years. They ran them into the ground, sucking all the money out of them and putting almost nothing back into them. Finally, the city had to take them back because public health and the environment was being threatened. It has taken 20 years to repair the damage.
Private enterprise beats government at almost everything. Management of critical infrastructure is not one of them.
privatize interstates not all roads. just the interstates.
in the bad old days, private enterprise had neither the scope nor scale to finance, build, and maintain entities as big as interstates. Today, private enterprise has the capability in spades.
socialism for interstates has failed. Time to let the free market do its magic
every private company board of directors operates with a multi-decade horizon. It’s routine
fell for the lie did you? You some kind of child? The corrupt crony gang does things even less efficiently than the government does, and they use there extra ill-gotten gains to further corrupt DC.
You do know where this started don't you? Clinton and Gore's "Reinventing Government."
I cannot believe there is anyone left who is so dumb as to fall for this absolute and utter blood-sucking cancer of a leach on the body politic.
Wake up as to what is really happening. Do you want to drain the swamp or do you want to pour more of your hard-earned dollars into it.
There is no such thing here as free-market efficiency. It is a market driven by monopsony and monopoly. Not only are barriers to entry high, there is no entry except to well-heeled folks who buy off the government with your money. And there is an enormous information asymmetry since clueless so-called conservatives think this is "bringing free-market efficiencies to the public sector." That is the biggest laugh in this pile of garbage.
You some sort of shill for these crooks?
Stand firm on this. I was in DC when this started. You should have seen the low-lifes who showed up with big bank-rolls when Algore started talking about privatization. He didn't get rich selling windmills to penguins.
Oh bullshit.
agreed that the current approach of ‘public-private partnership’ is a crony capitalist delight.
that is why I advocate ‘full privatization’ of interstates selling land & improvements.
full privatization allows the market to operate efficiently
In the first place you have to condemn and provide the land for the right of way. And once that is done you have granted that operator a monopoly on that presumably rather long stretch of road.
You’re a clown if you actually believe that.
Full privatization implies no regulation
the private RRs despite their many flaws was a successful transportation system- prices plummeted and quality skyrocketed
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