Fed up with traffic congestion, seemingly endless construction, and poor quality roads? Why not take David Friedman’s advice and sell the streets as he says in his book The Machinery of Freedom?
Privatization of the streets isn’t such a crazy idea. A company that owns a road wants to make a profit and please his customers. That company has more incentive to eliminate gridlock than any urban planner.
The private road owner will, unlike the city, be interested in keeping drivers happy by performing regular, and efficient, maintenance on the streets. Plus, there is no danger that money collected from a private toll will be used for some other city project.
Don’t take my word for it, check out Drew Carey’s ReasonTV short on the subject: