ACTivate - Economist Paul Dalziel on the Regulatory Standards Bill Part 2: More Red Tape Not Less, Time Consuming and Costly for No Quantifiable Benefit to People and Planet

Listen to part 2 of Catherine's interview with wellbeing economist Paul Dalziel who explains that the RSB will make it more difficult to pass legislation that seeks a proportionate reduction of individual property rights for a major contribution to the public good, for example some climate change policies.
Paul argues the bill will increase red tape, slow down law making and won't make New Zealand more prosperous. His view is that there is nothing in the bill that is visionary about raising the wellbeing of future generations.
Paul's takeaway message is that we should look to the Welsh, "Well-being of Future Generations (Wales) Act 2015" as an alternative way to design regulatory standards, "the way to frame it should be about the wellbeing of future generations based on widespread consultation and input from experts to...create consensus rather than adopting a narrow libertarian property rights framework that... will constrain the future path of Parliament twisted into a certain direction."