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The United States Postal Service has indeed served our nation well, "rain or shine." Today, the USPS is financially dire, and it seems that they are facing a challenge; how to stop the bleeding. Okay so, let's talk shall we?
Yes, the innovation of the Internet and prior to that fax machines, were probably two innovations which took the biggest toll. The USPS did not adapt to compete, quite frankly they did not have too much, they had all intents and purposes; a guaranteed monopoly. No one could put anything inside of those boxes, and American citizens had been conditioned to go check the mail daily to see what was inside. Suddenly, "you've got mail" took on a completely different meaning.
Those were not the only two major hits or innovation to challenge the post office. The heir to the Greyhound fortune had just graduated Harvard Business School with a new novel idea; overnight package delivery using a spoke and hub system - yes, Fred Smith started Federal Express, today known as FedEx. Now, you are just beginning to see some of what the USPS must deal with - besides the weather.
There was an interesting article in the Ventura County Reporter on August 15, 2013 by Raymond Freeman titled; "RIP, USPS" which talked about the severe financial challenges going on today with the United States Post Office. The article made a troubling comment;
"Could it be FedEx and UPS contributions of $ 100 billion to the Republican Party had anything to do with the slow destruction of the Post Office? Nah, couldn't be. Don't be cynical."
Not then, I find it unfortunate because Liteblue Login it seems like a free-market enterprise is taking the heat for a government run and taxpayer supported monopoly gone bath - free-enterprise governments shouldn't have to lobby their government to level the playing field. As exhibit one, I'd like to call in my key witness, namely Thomas DiLorenzo PhD economist and his work: "The Myth of Natural Monopolies" and you can view one of his lectures at no cost on YouTube if you wish to look that up, it's about 1 hour and a good education for you, in my view.