Thoughts on economics and liberty

91 Express Lanes in California and other examples of the private sector solving the traffic/congestion problem

Traffic congestion is PURE socialism. Just like the queues for bread in USSR.

The private sector can solve this very easily – if only we allow it to do so.

THIS IS A PLACEHOLDER POST, with more info to be added as I find time.

Examples

“In 1995, a private road company added two lanes in the middle of California Highway 91, right where the median strip used to be. It then used “congestion pricing” to let some drivers pay to speed past rush-hour traffic. Using the principles of supply and demand, road operators charge higher tolls at times of day when demand is high. That encourages those who are most in a hurry to pay for what they need. …

for years there was a gap in the ring road surrounding Paris that created huge traffic problems. Then private developers made an unsolicited proposal to build a $2 billion toll tunnel in exchange for a 70-year lease to run it. They built a double-decker tunnel that fits six lanes of traffic in the space usually required for just two. The tunnel’s profit-seeking owners have an incentive to keep traffic moving. They collect tolls based on congestion pricing, and tolls are collected electronically, so cars don’t have to stop. The tunnel operators clear accidents quickly. Most are detected within 10 seconds — thanks to 350 cameras inside the tunnel. The private road has cut a 45-minute trip to 10 minutes.” [Source]

Details on Wikipedia

VIDEOS:




Sanjeev Sabhlok

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