Notwithstanding its legal monopoly of letter carrying and exclusive access to citizen mailboxes, 18 U.S.C. 1693-96; 39 U.S.C. 601-06, the U.S. Postal Service is expected to default on its $5.5 billion payment into its pension fund. While it is true that the U.S.P.S. hasn’t directly received taxpayer dollars since the early eighties, there hasn’t been any pressure to adapt to the recession, or to “fundamental changes in America’s use of mail.”
But what about private carriers that are forced to compete on the market? Here’s Fedex’s profits since 2000:
And here’s UPS’:
If the government wants to save the Postal Service, take away its monopoly and expose it to market pressures.