A newly released report asks for the privatisation of post offices citing the reason the post offices are no more relevant or work inefficiently in the public sector. But the public postal services are actually an unique asset in a series of economic principles.
Today so many routes from main roads to individual delivery points are being served efficiently by the one mail delivery service. You can look up for options of post office near me and reach out to your nearest post office for efficient deliveries. Multiple last mile delivery services will not bring any more efficiency to the delivery services.
The reduced prices and expanded services allow for a better economic efficiency. The postal services are offered at low prices traditionally so that every class of mail reaches the destination regardless of what the source or delivery points are. Whether a mail is a first class letter from Baltimore to Philadelphia or from Miami to Anchorage it doesn’t change the charges according to the source or destination point.
Economists say that benefits of mail delivery extend beyond the direct users of the mail as it is for public good as the delivery of packages and letters are cheap and affordable by all even if they do not choose to use it. It is available for all in case of need.
If one pays attention, one can find evidence that the postal service expansion played a major role in the nation’s economic growth historically. And even in the times of pandemic and economic recession a strong public sector and postal service is a basic requirement of an economy. Postal services need to be revived in the public sector and not fraught with neglect and abandonment.
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