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Should Europe aim for its own Google?
We must question the assumption that the success of digital economy and policy is best assessed by counting how many digital multinationals a region has managed to give birth to.
More recently, this anxiety has featured in the debate on whether the rather intricate EU digital regulatory framework constrains private innovation, thus preventing European start-ups from becoming global giants. For example, in Europe the material benefits of the now dominant US digital corporations have so far flown back to California so unburdened by taxation that it has troubled even Union institutions (European Commission, 2016) and international organisations. Thus, taking the current organisational models for granted can inhibit what social theorist Roberto Unger has called “institutional imagination” (1996) — our ability to envision new and more egalitarian governance arrangements for the European digital economy.
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