FAANG: What is the bigger problem: overregulation or inequality?
The precursors to the 2020 DNC presidential election have committed themselves to populist economic policies. This week, Elizabeth Warren targeted the FAANG companies (Facebook, Apple, Amazon, Netflix and Google) in a call to regulate and potentially separate them. At one point, this tough stance on big companies may have been unpopular with many voters, but recent surveys from Survey Monkey and Axios show that may be changing with a younger generation of voters.
Three-quarters of the youngest group of adults believe that the country's most important economic problem is injustice in the economic system. Only about a fifth of respondents ages 18 to 24 thought free market overregulation was the country's biggest problem. There was less consensus among older respondents. Respondents aged 55 and over were divided on whether economic injustice or overregulation is the key economic problem facing the country.
Frontrunners in the 2020 DNC presidential primary have taken on populist economic policies. This week Elizabeth Warren took aim at FAANG companies (Facebook, Apple, Amazon, Netflix, and Google) in a call to regulate them and possibly break them up. At one point that tough stance on large companies might have been unpopular with many voters, but recent polling by Survey Monkey and Axios indicate that might be changing among a younger generation of voters.
Three-fourths of the youngest cohort of adults believe that the overriding economic problem facing the country is unfairness in the economic system. Only about a fifth of respondents between the ages of 18 and 24 thought that over-regulation of the free market was the biggest issue facing the country. There was less of a consensus among older respondents. Respondents above 55 were split on whether economic unfairness or over-regulation were the defining economic problem facing the country.
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