How should markets, businesses, groups, and individuals be regulated or limited differently in the face of diminishing state power and the intelligification and networking of the material world?
When it comes to this digital age, there are plenty of technologies that have developed to be well ingrained into our lives. The Internet of Things is a good example of this because these are the technologies that we see in our kitchens, homes, cars, and many other places. Due to this, we have had to adapt our lifestyles to streamline the integration process and this would include not only people, but the businesses, groups, markets, and other organizations that these individuals are involved in. This would be for the best, otherwise, they would eventually become obsolete and left behind the others that chose to adapt. Though knowing this, the way that regulations are enacted need to be adjusted to tail the trend that is being followed by these groups. For example, the laws that we had previously that pertained to the policies of transactions and taxes did not have many portions dealing with online transactions and the protection of customer data. We also did not have as many cybercrime issues before, but now there are frameworks that have been created to combat these issues. While some are mandatory, there are many that are voluntary to give some freedom for each business. That way, they are able to tailor the guidelines to best fit their situation. As you can see, these adaptations have been beneficial so far, even though compliance with these frameworks does not guarantee protection from breaches. It is a constant back and forth battle with criminals that adapt along with the security measures and this is what begets the limitations of certain actions.