Thursday, May 10, 2012

Post office follies

The postal service has some value as a poster child for why the government should not run companies.

The most recent example: they apparently cannot even manage to close a single office.

Reducing hours is something, but of course leaves all the fixed costs intact and keeps the postal service from making some money selling off the land and buildings.

Someone should summon the ghost of Mancur Olson, who popularized the idea of small, well organized groups with lots to gain triumphing over large, poorly organized groups whose members, individually, have only a little to lose.

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