Today, Explained Death Cab for The Postal Service?
Apr 15, 2020
Matthew Yglesias, a Vox journalist, and Richard John, a history professor at Columbia, tackle the looming crisis of the United States Postal Service. They explore the USPS's staggering projected losses of $54 billion due to the pandemic and its vital role in democracy and communication, especially in rural areas. The discussion touches on potential reforms, contrasting political views on privatization, and how the postal service has faced financial struggles since its inception in 1792. Their insights provide a meaningful context for understanding this essential institution's future.
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USPS's Civic Duty
- The USPS has a constitutional mandate to circulate public information, crucial for preventing the 'degeneracy of free government'.
- Its vast network, larger than any other in the world, facilitates this information dissemination.
Service, Not Profit
- Unlike Britain or France, the USPS wasn't founded on commercial principles.
- Its focus was on service to Americans, not profit, reflecting a commitment to informed democracy.
Historical Profitability and Disruptions
- The USPS was profitable until the 1830s.
- Steamboats and later the internet disrupted its revenue, forcing Congress to respond with subsidies.