The U.S. Postal Service has proposed a new measure to cut costs: The “independent” but government-owned company would like to slow down the delivery of First Class mail, so that short-range letters no longer reach their destinations overnight. This is part of a plan that would save an estimated $3 billion a year.
Any plan to reduce costs and stave off a bailout is a good one, and we suspect that Netflix customers and junk-mail companies — the biggest users of USPS’s services, at least until they, too, replace the mail with the Internet — can live with a slight delay in their deliveries. While we would prefer a plan that ends USPS’s government-enforced monopoly on letter delivery and then privatizes the company, a dramatic restructuring — including the proposed changes to First Class delivery, as well as other severe cuts — could resolve USPS’s immediate crisis and give it a shot at longer-term viability.
Keep reading this post . . .