this post was submitted on 27 Nov 2024
43 points (95.7% liked)
Progressive Politics
1209 readers
768 users here now
Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)
(Sidebar still a work in progress post recommendations if you have them such as reading lists)
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
John Oliver did a great dive into the Post Office, and I think that segment is up on YouTube for free.
It's actually even more impressive than you think. The only reason it looks like it's losing money is that conservatives passed a law that forces them to fully fund the USPS workers' pensions today, rather than investing some money and letting it grow. No private companies fund pensions this way, nor does the rest of the federal government.
In 2022, PSRA was passed which removed this requirement and the postal service has turned a profit ever since. It operates better and more efficiently than any privately held parcel service, because it takes advantage of truely massive economies of scale.
And as an American living in a country that privatized their postal service-- god damn do I miss the USPS. It was both cheaper and more reliable than what we have here.