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A woman walks past a Royal Mail post box in central London, October 8, 2013.
A woman walks past a Royal Mail post box in central London, October 8, 2013.
(Andrew Winning/Reuters)

Surging Royal Mail IPO gives 1980s flashbacks

For Britons, it’s a bit like going back to the 1980s. A Tory government is privatizing an old public utility. Everyone is scrambling to buy shares while the Labour Party shouts that the nation’s assets are being sold for a song. Could it be that popular capitalism is back, or is it just a tired and broke public desperate to cash in on an easy win?