Thursday, September 18, 2008

Reregulation

This Business Week article is interesting since it shows how the US government is getting serious about returning to increased regulation. While this is currently being driven by the woes caused in part by deregulation of financial markets some years back, the momentum to regulate crossing all sectors, including food safety.

This topic is only being addressed in isolated talking points in our election. Both recent governing parties have failings in this are. For the Conservatives it is ideological aversion to regulation. For the Liberals it is a tool to manage the deficit. In my opinion, regulation should be more apolitical. Every party should be promising improvements in safety through a strong, independent regulatory regime. That's an important way for our governments to serve us.

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