Friday, March 04, 2011

The Smaller Fish Tries to Eat the Bigger Fish — Mises Economics Blog

The Smaller Fish Tries to Eat the Bigger Fish — Mises Economics Blog: "The very existence of UPS and Fed-Ex is something of a miracle, companies that were built up based on a loophole in the letter statutes that give the government itself a near-total monopoly on mail, or at least that was the idea. Private shipping companies found the workaround and ended up driving all the innovation in this industry that has taken place for decades. The Post Office is reduced to a pathetic game of catch up amidst constant threats of insolvency.

And yet we are asking the same government to adjudicate an antitrust suit in the private sector? If we are looking for monopolistic behavior, it is not hard to find. Look no further than the USPS. The doctor should heal thyself."

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