Privatization of the Postal Service has received recent attention in a speech by Governor Tim Pawlenty and the editorial page of the Washington Post. Neither presentation provided any indication of an understanding regarding what it would take to privatize the Postal Service either legally or financially. In an earlier post commenting on Governor Pawlenty’s speech, I noted that privatization would likely require resolving the retiree issues in the Postal Service’s favor. Confirmation of that conclusion is coming from Great Britain. The Financial Times reports that Ed Davey, postal affairs minister, told the Commons that, to put Royal Mail on a sustainable commercial footing, its balance sheet would need to be [...]
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