A newly released memo from the banking giant Wells Fargo outlines a predatory scheme to dismantle the USPS: sell off profitable parts, slash union jobs, and raise prices by up to 140 percent.
Don’t know any nation that does, but also US already has FedEx, UPS, DHL and others. They could deliver letters if they wanted, but they don’t think that’s profitable.
The privatization looks like it’s essentially stealing all assets USPS has.
Australia Post runs as a commercial business and is self funded… But it’s wholly owned by the government. So it runs as a business without government assistance.
From what I understand that’s how USPS operates too. It generates enough revenue to be self sufficient and is not receiving any funding from the government.
It receives negative funding from the government. That is, Congress mandates things that would be unachievable for any corporation in an attempt to destroy it.
Are there any other nations that have privatized their postal services? Really curious to see who that’s worked out for so far.
Don’t know any nation that does, but also US already has FedEx, UPS, DHL and others. They could deliver letters if they wanted, but they don’t think that’s profitable.
The privatization looks like it’s essentially stealing all assets USPS has.
BTW there are protests about it https://nalc.org/march23 I recommend to attend them.
Australia Post runs as a commercial business and is self funded… But it’s wholly owned by the government. So it runs as a business without government assistance.
From what I understand that’s how USPS operates too. It generates enough revenue to be self sufficient and is not receiving any funding from the government.
It receives negative funding from the government. That is, Congress mandates things that would be unachievable for any corporation in an attempt to destroy it.