GOVERNMENT REGULATION
Does it better our lives or restrict them?
The thought-provoking commentary on the role of government regulation prompts my response ("From housing crises to environmental disasters to food safety, there's one solution: Regulation," Feb. 12).
Mike Meyers cites a litany of examples where insufficient regulation or oversight in a wide array of essential industries, from food to financial systems, resulted in catastrophic and intolerable losses to individuals and society at large.
I would use a sports metaphor to underscore the importance of well-understood rules and regulations in order for the public to have confidence in the way the game is played and for victory/success to be meaningful.
Everyone accepts the fact that a win in any game is meaningless if you didn't play by the rules. The same applies to building trust in our financial system.
We have learned that wholesale deregulation of the financial industry unleashed greed and deception at an unprecedented scale at huge cost to our society.
MYRON JUST, ST. PAUL
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Meyers is right: Regulation is essential to Minnesota's quality of life. However, many of our state legislators want to weaken Minnesota's protections for our water, land and air. Last year these legislators advanced more than 40 bills that would remove or lessen protections on clean water and Minnesota's great outdoors.