Prop. 211 Is Far From Anti-Business

Although I am a great fan of James Flanigan, I am dismayed by his assessment of Proposition 211 as “anti-business” (“What Anti-Business Measures Say About Us,” Oct. 9). In fact, Proposition 211 aims to protect capital, the indispensable first element of business. Proposition 211 will add protection to the pension funds, private and public, that supply most of the capital for this nation as of 1996. How protecting the purveyors of capital from fraud can be “anti-business” is a mystery.

BENJAMIN J. STEIN

Adjunct Professor of Law

Pepperdine Law School

Malibu