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by Traster
1654 days ago
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Sure, the but flipside is that you lose the public good. You no longer have a mandated universal service operation which means suddenly you can't send mail to rural locations. And not only can you not send mail to rural locations, all those rural locations can't access services that require mail, so suddenly you've got a problem where people won't be able to set up bank accounts. Now clearly, the mail isn't as important as it used to be, but let's not pretend- those in rural areas where universal service is the least profitable, are also those least likely to have access to the internet for e-mail etc. You see this effect in the UK with Royal Mail, the Conservatives decided to float it on the stock exchange (astonishingly mispriced netting their donors a nice sum - it peaked up 58% on it's IPO price in 6 months). The Royal Mail was already profit making when it was floated. Since then did they get much more efficent? No. Did they start using those profits to lobby for removing the universal service obligation? Yes! |
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