Fox Business Network host John Stossel appeared on Fox & Friends on Thursday where he touted the benefits of privatizing a number of publicly provided services. He said that other nations have privatized their mail delivery systems and have seen services improve at lower cost as a result.
Co-host Gretchen Carlson asked Stossel what he thought semi-public agencies like Amtrak and the U.S. Post Office are doing wrong. “I don’t presume to know,” said Stossel.
“In every way we’ve seen the private sector out compete the public sector,” said Stossel. “It’s just amazing that in America we hold onto these things.” Stossel blamed Republican and Democratic legislators for protecting the post office from overhaul.
Stossel said that the post office was unable to guarantee overnight delivery until firms like Federal Express and UPS incorporate and then the USPS discovered that it too could provide competitive overnight delivery service. In other nations, he says, they have privatized postal services and the service became better and prices went down.
Stossel went on to say that America’s private to public sector worker ratio is getting closer and closer to that of Greece, which is chronically overburdened by its public sector pension and health liabilities.
Watch the segment below via Fox News Channel:
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