TO THE EDITOR:
Regarding Keith Crain's comment "The marketplace is pretty good at picking winners and losers without government interference" ("The feds design vehicles," July 31): We subsidize farming, bail out banks and automotive companies, come up with "too big to fail" principles and support our multinationals overseas with every means possible, including favorable taxation.
Scandals in the private sector in the U.S., Germany and every other country are a regular occurrence. The key objective of every CEO is to keep major shareholders on board. Major oil spills, nuclear accidents and other catastrophes occur on a regular basis. It is unthinkable to deny the need for fully independent, strong regulatory agencies as well as established rules of fair play and regulations.
Specifically in the area of energy, Big Oil and automotive companies have a divergent future. What's good for the oil folks is not good for the auto industry. Worldwide business pressures as well as pollution issues ensure that renewables are the way to go, as well as the new frontier for technology growth. The U.S. auto industry knows this very well and will not get confused with voices supporting the oil industry. Otherwise, they, and the U.S., will miss the technology opportunities to companies from Korea, Europe, Japan, China, etc.
C.S. CALAS, Anaheim, Calif. The writer is an engineer in the auto industry.