... Bruce Schneier has called for regulation of IoT devices. Most people resist any sort of regulatory approach, but I'm not sure this is a bad idea. Not specifics, but perhaps some good guidelines will help...
I tend to agree too. Sure, too much regulation or poorly thought out regulation is a bad thing, but regulation is the government's primary job. I reject the notion that there should be two standards of regulation and law, one for Main Street / Wall Street and another for the Internet.
Google should be classified as a communications utility company and de-monopolized.
FaceBook should be regulated as a media conglomerate.
Amazon should be taxed just like any other retailer.
These are not new concepts; it's simply acknowledging that for the past 20 years the public has been communicating, getting their daily news, and shopping online, so existing law needs to expand to cover the entire world, both physical and virtual.
While we're at it, PII should be considered a potentially hazardous material and international law should govern how and when it is stock piled.
"Do not seek to follow in the footsteps of the wise. Instead, seek what they sought." - Matsuo Basho