Should Canada Post make money? NDP’s new leader Avi Lewis doesn’t think so
NDP leader Avi Lewis is stirring debate after arguing Canada Post should be treated like an essential public service rather than a profit-driven corporation — just as the agency posts billions in losses and growing pressure over its future.
#Canada #CanadianPolitics #cdnpoli #CanadaPost #MarkCarney #AviLewis #austerity #CUPW
@leftylabourtech I think people have been so indoctrinated to believe that everything should be run like a business:(
capitalism=exploitation/extraction
socialism/collectivisim=sustainablity/community
@leftylabourtech I haven't read it but I seem to recall years ago there were discussions on how Post Offices could offer public banking / financial services 👍
https://www.cupw.ca/en/campaign/resources/postal-banking-%E2%80%93-bank-everyone-fact-sheet
Postal banking is the provision of financial and banking services through a post office. It is not a new or radical idea. Postal banks already exist in many parts of the world where they are used to: increase financial inclusion, promote economic development, and generate revenue to preserve public postal service and jobs. In fact, our post office used to have a national savings bank – up until 1969 – and there is no reason we shouldn’t have one today.
@lps For many years #CUPW has been campaigning for service expansion into things like postal banking.
They have postal banking in France and I've been in some of the outlets. They're crowded and so obviously they are popular.
We need to think outside the corporation and glad to see this discussion opening up.
@leftylabourtech I just saw this article form the #torontostar https://www.thestar.com/opinion/contributors/postal-banking-once-made-canada-post-profitable-and-could-again/article_200ad6a7-ab41-4d4a-8b2a-e3a917eb88cd.html
This 👇
"Actually, banking wouldn’t be a new service. Canada Post offered “postal banking” for more than a century.
And it was a big money-maker, even though Canada Post typically offered its banking customers higher interest rates on their savings accounts than the private banks did. The private banks never liked the competition, and continually pressed Ottawa to end postal banking, which it did in 1969."
LeftyLabourTechToronto
lps