Why Not Finish Privatizing the Postal Service?

Richard B. Levine/Levine Roberts via ZUMA

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Speaking of the postal service, why not finish the job of privatizing it? We hear a lot about the pension prefunding requirement that has wrecked its finances, but let’s face it: the real problem is the absurdly low rates that USPS is required to charge for first class mail. A first class stamp currently costs 55 cents, about half what it costs in Great Britain. Other countries are even higher, some charging $1.50 or more.

We should give the postal service control over their own rates along with control over everything else too. There would be some exceptions, of course: the basic deal in which USPS gets a monopoly on first class mail in return for universal service should remain intact. There are a few other rules that would remain as well. Generally speaking, though, there’s no special reason that delivering mail shouldn’t be about 99 percent private these days.

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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