Post Office

Why We Should Privatize the Postal Service

It's a costly, slow way to shuffle junk mail around. Let's open it up to competition.


HD Download

What's the best way to make the Post Office faster and cheaper? Pull the government's tendrils out of it and let it loose in the private sector. That's what countries like Britain, Germany, and the Netherlands have done as email and social media eclipse traditional snail mail. In the latest Mostly Weekly Andrew Heaton explores why the Post Office is leaking money and stamps all over the place, and the best way to it get it on track.

As communication technology has grown by leaps and bounds, the Post Office struggles to remain relevant. More importantly, it's struggling to remain fiscally solvent. Its unfunded liabilities are at a staggering $70 billion. Meanwhile, it's losing money every year–it's lost $50 billion in the last decade, and is pushing up against the credit limit allowed by Congress. A day of reckoning is on the way, and when that happens, it will either need a massive taxpayer bailout, or private sector flexibility.

Mostly Weekly delivers the answer to America's mail problem. And it does so quickly, without long lines, and without losing billions of dollars in the process.

Mostly Weekly is hosted by Andrew Heaton with headwriter Sarah Rose Siskind. Watch past episodes here.

Script by Andrew Heaton with writing assistance from Sarah Rose Siskind, Brian Sack, and David Fried
Edited by Austin Bragg and Sarah Rose Siskind.
Produced by Meredith and Austin Bragg.
Theme Song: Frozen by Surfer Blood.

Subscribe at YouTube.

Like us on Facebook.

Follow us on Twitter.

Subscribe to our podcast at iTunes.

NEXT: Bitcoin Is Free Speech: Why Jamie Dimon Was Wrong and Governments Can Never 'Close It Down'

HD Download

Editor's Note: We invite comments and request that they be civil and on-topic. We do not moderate or assume any responsibility for comments, which are owned by the readers who post them. Comments do not represent the views of or Reason Foundation. We reserve the right to delete any comment for any reason at any time. Report abuses.

  1. Pulling the government’s tendrils out of it would remove the need to privatize it at all. It’s only a disastrous money pit now BECAUSE of one particular tendril:

    The Postal Accountability and Enhancement Act of 2006.

    Prior to PAEA the USPS was meeting all obligations and even making a small profit every year. The day after it was enacted, the USPS became the money pit it is today, owing several times its available funds to its own pension plan, to the extent it couldn’t afford to both fund pensions and deliver mail.

    Repeal PAEA and there would be no need for privatization.

    1. These are 2 pay checks $78367 and $87367. that i received in last 2 months.JHg I am very happy that i can make thousands in my part time and now i am enjoying my life. Everybody can do this and earn lots of dollars from home in very short time period. Just visit this website now. Open this web…… ­­­­WorkJoin1

      1. Seriously paycheck of $19632 and all i was doing is to copy and paste work online. this home work makes me able to fv generate more cash daily easily. simple to do work and regular income from this are just superb. Here what i am doing.

        Try now… VISIT HERE

  2. Rural counties are a drain on the USPS. We need a private agency to prune the dead branches of the USPS bureaucracy, or at least find the proper market price for sending mail from BFE.

    People in these distant locations need to take responsibility for their choices.

    1. Look at the costs between large cities and rural counties.

      Who gets better service? It can take longer to deliver LA to LA than LA to Podunk, OK…

  3. “. . . the power to establish post offices and post roads . . .”

    OR, if you want to claim that the internet/email has relegated the USPS to the dust bin of history – Then municipal & rural high-speed broadband from coast to coast in accordance with the original intent of the Founding Fathers.

    (And to keep the current Telco & Cable behemoths in the Corporate Caliphate honest with real competition that would justify their obnoxiously high charges and sub-par, compared to even remote sparsely populated counties like Iceland, speeds.)

Please to post comments