Revisiting one of my pet peeves: privatizing our hugely inefficient and money-losing postal service. In this case, Mitchell presents Britain’s success at doing just that.
It’s not often that I agree with the Washington Post, but a government-run monopoly is not the best way to get mail delivered.
Moreover, it’s not often that I agree with the timid (and sometimes reprehensible) Tory-led government in the United Kingdom, but they just put the Royal Mail into the private sector. And that’s something deserving of loud applause.
Here’s a slice of the big news from the Financial Times.
The goal of privatising Royal Mail had defeated governments for 40 years. …Even prime minister Margaret Thatcher balked at the political risk of selling off a public service that carried the Queen’s head on its stamps. This time, the legislation went through parliament.
My Cato colleague, Chris Edwards, is suitably impressed.
Here’s some of what he wrote for Cato-at-Liberty.
Britain privatized its Royal Mail in 2013, proceeding with an initial public offering of shares that raised about…
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