“Banking regulators failed and now we have no money. Does the NMC make nursing safer? No. Does the GMC make doctors safer? No. Regulators are the dust-carts that follow the Lord Mayor’s Show of life. There is an utter fiction that regulation improves anything. The catastrophes of history are testimony to that.
Health regulation fails because humans, doctors and nurses fail. They may fail because we do not support them, educate them or motivate them, fund their purpose or demand too much. We regulate activities because they are complicated or vital. That is our mistake.”
Go read, The Audit Society: rituals of verification by Michael Power.