Privatization as an odd obsession
Why does the Royal Mail a public service institution that its profits amount to 403millions pounds a year has to be privatized? Michael Burke shows that by simple calculation based on its profits the real price should be 16 to 20 billion pounds and not 2 to 3 billion that are discussed today. Investment for further modernizing the institution can be more easily found through its own resources so there is nothing about greater efficiency or any injection of fresh capital by the new owner. Is it just the materialization of a neoliberal stereotype or a disguised service of dubious interests as far as the author is concerned : it offers the opportunity to make a killing by the private sector that motivates this government, along with George Osborne's fiddles and schemes to pretend the deficit is falling.