Abstract
This article examines the societal affairs arising from the digital economy and how these influence the system of state regulation. The authors propose and justify a structural model of a legal mechanism to regulate the digital economy based on results of a critical analysis of Russian Federation and European Union experiences. The research indicates the need to include both centralized and decentralized elements in a mechanism for such regulation and to reconcile these elements by balancing the legislative potential of private entities and the conservative justice approaches of legislators.
Highlights
The current digital economy involves a wealth of people united by a global communication network for advancing science and developing and exporting new technologies
Digital technologies do not change the essence of regulation
Centralization as a backbone of the regulation mechanism in the Russian and the Romano-German legal systems contradicts the requirements of legal mediation of economic affairs in the digital sphere
Summary
The current digital economy involves a wealth of people united by a global communication network for advancing science and developing and exporting new technologies. The above methods were considered suitable for defining the legal mechanism, not as a linear aggregate of legal means, but as a multidimensional system of organization and interrelations of elements that preserves the basic mechanical properties and functions when implementing various forms of legal effects in the digital sphere of economic activity. Considering the current pace of information technology development and the different economic models of digital space organization, the state would need to minimize the external influence and limit the legal initiative of participants involved in virtual legal affairs.
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