The Royal Post is a public institution paid for by public money. Selling off a third of it means that those who buy the one third stake will be gaining money from a public institution... for no good reason... Once something becomes privatised it will only serve the interest of its shareholders, not the wider society - which is clearly undesirable when it comes to something this crucial.
Oh and how could I forget that the entire institution has been built through taxpayer dollars meaning that the infrastructure is already in place. Hence while these people profit off the Royal post, the taxpayers have put in the hard yards already.
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