Antirust is popular with voters – IP is the opposite.
Orth 23 [Taylor Orth, director of survey data journalism at YouGov polling. Carl Bialik contributed to this article as well. “Most Americans oppose monopolies and support antitrust laws,” November 06, 2023. https://today.yougov.com/economy/articles/47798-most-americans-oppose-monopolies-and-support-antitrust-laws]
This year, the Federal Trade Commission (FTC) has stepped up its enforcement of antitrust laws, bringing major lawsuits against companies including Amazon, Google, and Meta. Recent YouGov polling finds that most Americans support antitrust laws and believe that penalties for violating them should be increased. The vast majority hold negative views of monopolies, and while most believe there is at least some competition within U.S. industries, more than one-third believe it is not enough. Americans are far more likely to believe stricter antitrust enforcement would help the U.S. economy rather than hurt it — and the same holds for views on the effects of stricter enforcement on consumers, workers, and small businesses. Large companies, on the other hand, are more likely to be thought to be hurt by such laws rather than helped.
When asked broadly, most Americans (67%) say it is a bad thing for a single company to dominate a market; just 6% say it is good, 16% say neutral, and 11% aren't sure.
Small companies are generally viewed by Americans as superior to big companies when it comes to their ethics, their treatment of employees, the quality of their products, and their impact on the environment. When it comes to consumer prices, however, Americans say by a margin of two to one big companies charge less than small companies.
While most Americans (65%) say there is at least some competition between companies within U.S. industries, just 23% say there is a "a lot" of competition. How much competition they think there is depends on the industry.
Some of the 10 industries asked about are viewed as highly competitive, particularly the restaurant industry (56% say it has a lot of competition) and the retail industry (47%). Others, such as the pharmaceutical industry (26%) and oil and gas industry (25%) are less likely to be seen as very competitive. Despite recent antitrust cases involving tech companies, many Americans say the tech industry is highly competitive (38%), though somewhat fewer say the same about the social media industry specifically (27%).
Most Americans (69%) strongly or somewhat support antitrust laws, which were defined in the survey as "government regulations of business aimed at preventing monopolies and ensuring fair competition among companies." Just 9% strongly or somewhat oppose antitrust laws. While the highest share of Democrats (83%) are supportive of antitrust laws, majorities of Republicans (62%) and Independents (60%) are also in favor.
While one in three Americans aren't sure whether antitrust laws are too strict or not strict enough, people who do have an opinion are more likely to say current laws are too lenient. A total of 36% of Americans say the laws aren't strict enough, while 24% say they're about right and 6% say they're too strict.
There is more consensus on the effects of stricter antitrust enforcement, with nearly half of Americans believing that more enforcement would help each of the following: consumers, small businesses, workers, and the U.S. economy as a whole. Far fewer say more enforcement would hurt each of these. More Americans say that stricter enforcement would hurt rather than help large companies.