The Indicator from Planet Money ICE raids, cooling on capitalism, and a Murdoch settlement
31 snips
Sep 12, 2025 This week, the discussion dives into the cooling sentiment towards capitalism in America, especially among younger generations, with a surprising rise in support for socialism. The chaotic aftermath of an ICE raid at a Hyundai plant reveals the complex challenges of U.S. immigration policies and labor shortages. Additionally, the podcast explores the dramatic $3.3 billion deal in the Murdoch family's media empire, highlighting real-life succession struggles that echo the themes of a popular TV series. It's a fascinating blend of economics and family drama!
AI Snips
Chapters
Transcript
Episode notes
Capitalism's Popularity Is Cooling
- Gallup finds 54% of Americans now view capitalism favorably, down seven points since 2010.
- Support for socialism rose slightly to 39%, reflecting changing generational and populist sentiments.
Younger Voters Shift Views On Socialism
- Younger Americans and even younger Republicans appear less hostile to socialism than older generations.
- Analysts suggest rising populist sentiment and politicians like AOC influence this shift in views.
ICE Raid At Hyundai Battery Plant
- About 475 people were detained in an ICE raid at a Hyundai plant in Georgia linked to battery manufacturing work.
- Workers reportedly used B-1 business visas that do not allow paid employment, an open secret now enforced.