Friday, August 20, 2010

A Tale of Two Postal Services

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

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.

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