We present an interpretation of loop quantization in the framework of lattice
gauge theory. Within this context the lack of appropriate notions of effective
theories and renormalization group flow exhibit loop quantization as an
incomplete framework. This interpretation includes a construction of embedded
spin foam models which does not rely on the choice of any auxiliary structure
(e.g. triangulation) and has the following straightforward consequences: (1)
The values of the coupling constants need to be those of an UV-attractive fixed
point (2) The kinematics of canonical loop quantization and embedded spin foam
models are compatible (3) The weights assigned to embedded spin foams are
independent of the 2-polyhedron used to regularize the path integral, ∣J∣x=∣J∣x′ (4) An area spectrum with edge contributions proportional to lPL2(j+1/2) is not compatible with embedded spin foam models and/or
canonical loop quantizationComment: 11 pages, no figures; completely rewritte