Showing posts from May, 2015

More Hayek, less Schumpeter in European digital policies

The Google probe seems to prove that the EU is way too focused on fighting old wars. However, if it wants to put in place a system where innovation thrives it must care less for the existing IT industry and do more for those that do not exist yet. Already during the early 1990s – in the  Bangemann Report  – the information and communication technologies (ICTs) have been politically understood as a strategic development priority of the European Union. ICTs were high on the agenda of the Lisbon Strategy whose goal was “to make Europe the most competitive and dynamic knowledge based economy in the world”. In the Europe 2020 Strategy, the Digital Agenda for Europe is one of the seven flagship projects. Its overall aim is “to deliver sustainable economic and social benefits from a digital single market based on fast and ultra fast internet and interoperable applications.”     Schumpeter: Profit is result of innovation European policies in the field of innovation are based on the Schumpeteri