Making the digital economy 'fit for Europe'

Abstract

Over the past three decades, cyberspace has gradually become an engine of unsustainable outcomes from an economic, social and environmental perspective. The European Commission has launched several new initiatives, in the attempt to restore public control over cyberspace, remedy the distributional imbalances generated by the rise of large-scale digital platforms, and promote Europe's digital sovereignty. The paper argues that only by embedding rules and values in “code” and preserving openness towards the rest of the world will the EU manage to achieve its desired goals. Current initiatives such as the data strategy, the AI regulation, the Digital Services Act and the European Cloud Federation appear still too sparse and uncoordinated to really deliver on Europe's ambition to lead the world in the sustainable use of technology.