4 ms·
In Australia (and in Canada) the government's post office has been corporatized (in Canada, closer to privatized) in a way which tends to have it set postage su
by microcolonel 6y ago
In Australia (and in Canada) the government's post office has been corporatized (in Canada, closer to privatized) in a way which tends to have it set postage such that it covers its own costs. The USPS is complicated in this respect, it is partially corporatized, but it often runs deficits.
- Ensorceled 6y agoCanada Post is still a Crown Corporation, as it has been since it was "corporatized" the early 80's; so "closer to privatized" doesn't really make any sense.
- wolco 6y agoYou have to understand the difference between a crown corporation and part of the government. A crown corp has government representives on the board. A crown corp could get funding from the government but it also could act privately and get it from profit. The books are not open the same way (annual review vs always accessible) Here is an article with more details. https://www.google.com/amp/s/www.cbc.ca/amp/1.1135699 https://www.google.com/amp/s/www.cbc.ca/amp/1.1135699 The point that they are now profit seeking private or not is true.
- Ensorceled 6y agoI totally understand how Crown Corporations work, please do not accuse me of ignorance here. There is a massive difference between a Crown Corporation running as a for profit enterprise where any profits return to the Crown and a privately owned company, especially one that was "spun off" and privatized at pennies on the dollar.