Local Conformal Symmetry: the Missing Symmetry Component for Space and   Time
  Local conformal symmetry is usually considered to be an approximate symmetry of nature, which is explicitly and badly broken. Arguments are brought forward here why it has to be turned into an exact symmetry that is spontaneously broken. As in the B.E.H. mechanism in Yang-Mills theories, we then will have a mechanism for disclosing the small-distance structure of the gravitational force. The symmetry could be as fundamental as Lorentz invariance, and guide us towards a complete understanding of physics at the Planck scale. 
Gerard T. Hooft
gr-qc