In capitalist countries, post offices make money
As the US Postal Service founders and Congress attempts to reform the system (without breaking up the monopoly), it is worth pointing out that postal operations in most wealthy countries actually MAKE money. The USPS on the other hand, has lost over $25 billion since fiscal year 2006, with deficits of $8.5 billion in 2010 and $5.1 billion in 2011. It forecasts an astonishing $14 billion loss in 2012.
There is no reason, despite competition from the Internet, that delivering packages and the mail could not make money in the United States as well. It is time to abandon socialism in the mail and just privatize it.
Totally correct and Congress prefers to accept money from postal labor unions to preserve the current system. There have been NO introductions of reforms and NONE are expected.
So, the taxpayer continues to throw money away.
· Permalink
Mismanagement happens in both the private sector & the public sector.
· Permalink
Yes, the difference is (at least absent government bailouts) that a business’s losses don’t hurt the rest of us. The Post Office’s bills will ultimately fall on the taxpayers.
· Permalink