USPS: exclusive government-franchise, i.e. a monopoly
NZ: open competition for mail delivery since 1998, currently 25 different carriers
USPS: quarterly net loss of $3.5 billion--for an annual loss rate of $14 billion
NZ: expects a profit for 2010 of $72 million.
If it's true that the USPS is responsible for delivering "nearly half the world's mail"--does that mean that US citizens are subsidizing other countries mail delivery?
Read more about the power of private enterprise and competition here.
Wealth is not the problem.