The study of digital economies and the sociology of risk have, with few exceptions, a relationship of benign mutual neglect despite possible important connections between the two. This article aims to bridge the gap between these two fields using Beck’s theory of risk society to explore how the digital economy’s momentum of innovation is generating risks and limiting the scope of existing democratic decision-making via the power of the digital economy to create social faits accomplis outside of democratic control. Three (...) specific risks emerging from the dynamics of innovation of digital economies are discussed as vignettes to illustrate these developments: (1) the remaking of interpersonal co-presence and solitary life; (2) the growing threats of AI to intensify unemployment and inequality; and (3) the impact on the environment of an ‘always on’ and ‘always upgrading’ digital communication ecosystem. With the gap between the potential and the actual use value of the digitalization of the infrastructure of life continuing to grow, this article argues that a different relationship between digital innovation and private and public spheres needs to be established to protect the effectiveness of contemporary democracy. (shrink)