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Wells Fargo Is Plotting to Privatize the Post Office (jacobin.com)

submitted 4 days ago by [email protected] to c/[email protected]

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[–] [email protected] 6 points 4 days ago (21 children)

Are there any other nations that have privatized their postal services? Really curious to see who that's worked out for so far.

[–] [email protected] 4 points 4 days ago (2 children)

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.

[–] [email protected] 12 points 4 days ago* (last edited 4 days ago) (1 children)

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.

[–] [email protected] 2 points 2 days ago

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.

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