It is a complicated and diverse problem to figure out how to control markets, enterprises, organizations, and people in the face of declining state authority and the intelligentsia and networking of the material world. It necessitates taking into account a number of things, such as the effects of technology on the economy and society, the function of the government, and the necessity of ethical business conduct.

Implementing a mix of governmental control and private sector self-regulation is one way to deal with this problem. Government regulation, such as establishing standards for privacy, security, and data protection, can offer a foundation for appropriate behavior. Self-regulation by the private sector, however, can play a crucial role in complementing governmental regulations due to the rapid rate of technological change and the difficulties in keeping up with developing dangers.

Businesses and other organizations have to stick to high ethical standards and accept accountability for their deeds in order to accomplish this. To make sure that staff members are aware of and follow these regulations, they should set explicit policies for the use of technology and data and execute training programs. Companies can establish voluntary standards and industry-wide best practices for ethical conduct by working with stakeholders and peers in the industry.

The ethical line that currently exists will start to blur completely if society as a whole gives up on the limits between humans and technology, according to Verbeek (Pg. 233). Individuals are crucial in controlling how technology and data are used. They ought to be informed about the advantages and drawbacks of technology in order to be able to use it wisely. This can be accomplished by running awareness campaigns, offering educational opportunities, and being transparent about how personal data is collected and used.

In conclusion, regulation of markets, businesses, groups, and people in the face of declining state power and the intelligibility and networking of the material world necessitates a multifaceted strategy that combines governmental regulation, private sector self-regulation, and ethical individual behavior. Clear standards and best practices for responsible behavior in the use of technology and data must be established and enforced by a joint effort between organizations, corporations, and other stakeholders.

Verbeek, Peter-Paul. 2014. The Onlife Manifesto. pp 217-226.