The Profit Principle

Allowing private firms to cherry pick business contracts without also having to take on the social provision of residential post is sheer dogmatic stupidity. As the price of a first class stamp is heavily subsidised by bulk mail, the government's shambolic part privatisation will inevitably lead to savings for the rich at the expense of the poor. It's not as if we're short of precedents: you only need to look at public transport to see what happens when the profit principle is applied to vital services - prices go up and provision goes down. In the long run, we all lose out.