By JOHN GALLASI A competition between companies is at the heart of a new kind of economic debate: whether the competitive drive of business to create a product, service, or service-related business should be rewarded with a share of the market’s revenue.
As more and more companies use digital tools, the competition between them has become increasingly fierce.
The winners, in the eyes of some, are companies that can generate revenue on a massive scale.
But others see this as a threat to the status quo.
As technology becomes more powerful, some believe that the power of innovation is threatened by competition.
A new study from the Pew Research Center found that most Americans think that “government regulation of the business sector is not good for competition,” and that “the government should encourage the development of competitive firms to make sure they are competitive.”
This was true across all income levels.
The survey also found that when asked if government regulation of business is bad, “Americans are split on whether government regulation hurts competition or helps it,” but most also believe that competition should be encouraged.
The new study also found significant differences across partisan lines: 60% of Republicans think competition should continue, but just 31% of Democrats do.
Meanwhile, a majority of Democrats (56%) think competition is important, compared with just 26% of independents.
These results are among a number of findings from the latest Pew Research survey.
The Pew Research Group conducted a survey of 2,500 adults nationwide in March, April, and May of 2018, surveying people in the U.S. on a wide range of political and economic topics.
The poll found that about a quarter of the people surveyed said they support competition in the marketplace, with the remaining two-thirds saying they oppose competition.
However, the survey found that a majority (54%) of people surveyed are against competition in some way, with a further 30% saying they were “somewhat supportive” of competition.
While the results suggest that Americans support some form of competition in markets, there is also significant disagreement about whether competition is good or bad.
Most Americans say that competition is bad for the economy (75%), and oppose government regulation (59%).
But there is substantial agreement about whether it is good for business: 58% say competition is “good for business” while only 33% say it is “bad.”
There is also widespread agreement that government regulation is a bad idea.
Roughly two-fifths of the public (62%) believe that it is a good idea to regulate the business environment of large companies.
But most of the same people are opposed to competition by a wide margin: 60%, with an additional 22% saying it is not a good thing.
The biggest difference is across income levels: 70% of those making less than $40,000 a year are opposed (48% are “supportive” of government regulation) while only 32% of the wealthy are opposed.
The majority of Americans are opposed by both sides of the political spectrum.
The views of Americans on this question are driven by the survey’s data about attitudes about competition in general and about government regulation in particular.
Americans who identify as Republicans are most opposed to government regulation and by a large margin (78%), but the views of Republicans are more similar to those of independents (57%).
And there is broad agreement on how to handle the threat of competition from technology: 70%, with a similar share (62%), say competition should go to the sidelines and not be encouraged, compared to 37% who say that the government should promote it.
There is little agreement about the role of government: A majority of both Republicans and Democrats say that it should play a positive role in promoting competition, with slightly more Democrats (62% to 36%) saying that it must not be a positive influence.
Support for competition has become more positive among the less well-off in recent years.
But there are differences across demographic groups.
Younger Americans are more likely than older Americans to say that government should do more to encourage competition, and Republicans are less likely than Democrats to support government regulation.
But support for government regulation among older Americans has grown over the last decade.
Nearly seven-in-ten (71%) of seniors say that they support government competition, compared in 2016 to 2015 (68%).
A smaller share of Democrats and independents (53%) say that this is a positive aspect of competition, but more than twice as many Republicans (65%) say this.
There are also differences among racial groups.
White Americans are less supportive of government competition than Black Americans are, and Latinos are less enthusiastic about government competition.
But these differences are not as great as they are among older groups, where support for competition is much higher among white and Latino seniors.
Among all Americans, there are also some stark differences between the views held by Americans who have never been to college, and those who have attended college.
Almost three-quarters of Americans who never