Socioculture / Economics

We’re perilously close to the dismantling of the entire U.S. Postal Service.

“Congress gave him (Phillip Herr, Director of Physical Infrastructure Issues for the U.S. Government Accountability Office) until the end of 2011 to report on the USPS’s woes. But Herr and his team concluded that the postal service’s business model was so badly broken that collapse was imminent. Abandoning a long tradition of overdue reports, they felt they had to deliver theirs 18 months early in April 2010 to the various House and Senate committees and subcommittees that watch over the USPS. A year later, the situation is even grimmer. With the rise of e-mail and the decline of letters, mail volume is falling at a staggering rate, and the postal service’s survival plan isn’t reassuring. Elsewhere in the world, postal services are grappling with the same dilemma—only most of them, in humbling contrast, are thriving.”

“The postal service is already carrying more junk than first class,” says postal consultant (James I.) Campbell. “Pretty soon it’s going to be a government-run advertising mail delivery service. Does that make any sense? It doesn’t make any sense.”

http://www.businessweek.com/magazine/content/11_23/b4231060885070.htm

http://www.zerohedge.com/news/here-comes-going-postal-sequel-us-postal-service-cut-120000-jobs-avoid-bankruptcy

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