Wetlands disappear because the incentives are completely misaligned. A landowner or developer sees immediate profit from converting a marsh into farmland or a shopping center, while the ecosystem services that wetland provides - flood buffering, water filtration, carbon storage, fish nurseries - don't show up on anyone's balance sheet. Governments allow it partly because those environmental benefits are genuinely hard to monetize and compare against concrete development projects that generate tax revenue and jobs. There's also often just poor enforcement of existing regulations, especially in regions with limited environmental oversight.
One pitfall people overlook: restoration is way harder and more expensive than prevention. You can drain a wetland in a season, but recreating one takes decades, costs millions, and often doesn't fully recover the original ecosystem. So when folks point to successful restorations as proof we can fix this, that's true but incomplete - it's still far cheaper to protect what exists. That said, there are wins: the Everglades restoration in Florida has made real progress after starting in the 1990s, and some European countries have had success rewetting agricultural land. The key difference in those cases is that governments actually committed sustained funding and regulatory protection, which is rare globally.
The practical angle is that wetland protection works best when there's legal protection with teeth, when local communities have a stake in preservation (like through eco-tourism revenue), and when there's enough political will to resist the immediate development pressure. Some countries have had better luck integrating wetland protection into broader planning frameworks rather than treating it as an afterthought. It's frustratingly slow, but it does happen.