Billionaires Salivate Over Plan to Privatize the Post Office, w/ Prof. Richard Wolff

Privatization of Public Services

Efforts by influential billionaires to privatize various public services, such as the post office and Social Security, pose significant threats to these essential systems. These moves are often framed as attempts to improve efficiency and reduce government spending, but they primarily serve to benefit private enterprises. For instance, the push to redirect funds from the Postal Service to privatized companies has been highlighted as a way to increase profit margins at the expense of public service and access, especially in rural areas where service is less profitable. This trend not only undermines the public good but also risks leaving many citizens without vital services that were meant to support them.