Re:The Imminent Death of the U.S. Postal Service?
by sho on Saturday April 18, 2009 @05:21PM
(#568750)
Hardly. I don't live in America, in fact I'm in a country mentioned as an example of a "good" post office.
The assertion that a subsidy on direct mail somehow contributed to the ongoing financial crisis is just stupid and calls into question the author's basic understanding of the subject and ability to identify relevant information. You might as well say that coffee contributed to the crisis because it enabled bankers to stay up later and write more bad contracts. Hell, name anything you want and I'll connect it to the crisis using some bullshit six-degrees-of-separation methodology like the author used for direct mail.
Compared to other subsidies the government has been giving bad actors, this USPS subsidy to the credit industry is minor, yes. But it's surprising how merely mentioning it closes your mind to the rest of the analysis. It's almost like you've got a post-hypnotic suggestion preventing you from questioning certain monopolies!