Most countries in the modern world have some sort of letter mail delivery system. The United States Postal Service is, by far, the most efficient, affordable, reliable system in the world with every box in the country being delivered every day of the 6-day delivery week. Not to mention a first-class letter costs the same whether it is mailed next door or across the country. Yet, many people feel the monopoly of the USPS isn’t fair because there is no competition. If you want a letter mailed for less than $1.00 the USPS is the only choice (other package carriers can deliver letter mail, but the rates are much higher than the USPS.)
If monopolies are bad, why does the government insist on keeping this one alive by blocking competition? What if the USPS decides to cut Saturday delivery (as has been discussed every few years for the past 20 years) or, due to a decline in mail volume, cuts delivery to 3 days per week. Would the government still be able to justify a monopoly then? Or should monopolies all be done away with? Explain your answer.