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The “regulatory state” is a principle of social cohesion, keystone of social development, arbitrator in the economic game, and the expression of a new state model—all at once. The figure of the regulatory state revitalizes the foundational principles at the heart of the institution of the state. Although it implies a redefinition of the role of the state, in no way does it mean a return to the liberal state of the past: the regulatory state remains the socially active institution it became with the creation of the welfare state. And although the economy remains its primary area of action, the rationale of regulation radically transforms the architecture of the state, working its way into traditional modes of organization and action.
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