The Aldersgate Group's lead on best-value regulation, Terry A'Hearn, has told the Cambridge Sustainability Network that we need to reinvent our regulatory systems in face of new challenges.
He said, "We need a regulatory revolution because the nature of the challenges societies must confront in the 21st century is fundamentally different from those of the 20th century. The major challenges of the 21st century are systemic in nature. They will throw into question the resilience of our systems." New regulations should reduce public expenditure and be made redundant through its own success over a 10-year period, as well as increase profitability to business.