Source: Libertarian Institute
by Owen Ashworth
“For the first time in Royal Mail’s long history, stretching back to the 1500s, its owner will be based overseas. Daniel Kretinsky, a Czech billionaire, has acquired ownership over Royal Mail after a £3.6bn takeover. Royal Mail has been performing badly for years now after it was ‘privatized’ in 2013. The company has suffered heavy financial losses as mountains of customers complain that they do not regularly receive letters like important medical documents or crucial legal documents on time. Onlookers and stakeholders can see with sublime clarity that the company is headed towards dire straits unless major change is gambled on. Individuals inclined towards the socialist worldview blame privatization, but their cause benefits from the public not wishing to dig a bit deeper to understand Royal Mail’s situation; this market is not what it seems.” (01/15/25)
https://libertarianinstitute.org/articles/privatization-when-its-not