It’s not a conspiracy. First class mail, flyers, etc the post office has no competition. But demand has plummeted with emails, texts, etc. The 2006 law limits the post office to raise their prices only to the level of the inflation rate. This killed them. For example in 2009 the rate was zero. They couldn’t raise postal rates at all and thats when their losses started mounting. No other business has those constraints.
Additionally, the 2006 law required an absurd level of pension and health care payments to be made waaaay beyond the requirements of any other pension plans. They were having to pay for health care benefits 50 years in advance for employees who weren’t even born yet. Absurd.
These payments handcuffed them in regard to upgrading technology to keep up with competitors in the much more lucrative package delivery business. This is why there are thousands of Fed-ex and UPS trucks driving around in towns they didn’t service in 2009.
Congress set them up to fail. They ended up defaulting on the pensions payments and started losing money yearly. I don’t care if they lose money because it’s a government service.