DeepSummary
The episode discusses a Supreme Court case regarding the ability of online companies to moderate toxic or dangerous content on their platforms. It covers the arguments from social media firms who want discretion to limit spam, bullying, and extremism, and Republican lawmakers who claim conservative speech is being disproportionately censored. The justices seemed partial to the companies' argument but suggested potential middle ground.
It then looks at the surging popularity of Major League Soccer in the US, driven by factors like a young and diverse fan base, the arrival of star Lionel Messi, and the upcoming 2026 World Cup being co-hosted by the US. The league has seen record ticket sales and team valuations skyrocketing.
The episode also examines research showing that around 1912, Native American wealth per capita was above white wealth levels, but declined by 50% by 1927 due to factors like the Dawes Act, which stripped tribes of over 90 million acres of land.
Key Episodes Takeaways
- The Supreme Court is considering cases on whether online platforms can moderate user content on their sites without violating free speech.
- Major League Soccer is seeing surging popularity, ticket sales and valuations driven by factors like a young fan base and star players.
- Research shows Native American wealth per capita was higher than whites in 1912 but declined 50% by 1927 due to government policies like the Dawes Act stripping tribes of land.
- The Dawes Act enabled the seizure of over 90 million acres of tribal lands which were sold off, a major factor impoverishing Native Americans.
- Supreme Court justices seemed to side with online platforms having discretion to moderate harmful content on their sites.
- The arrival of superstar Lionel Messi to an MLS team caused its valuation to jump over 70%.
- Past Supreme Court rulings have upheld editorial discretion as a form of free speech, potentially favoring online platforms' case.
- The data on Native American wealth levels in the early 1900s provides new perspective challenging assumptions about their historical economic status.
Top Episodes Quotes
- “We have the youngest, most diverse audience in all the professional sports leagues that are based in North America.“ by Dan Cordemanch
- “So they calculate that indigenous people had substantial levels of wealth after adjusting for inflation. Although there was a wide diversity in wealth levels, total per capita wealth in 1912 was above white wealth.“ by Chris Farrell
- “But here's the thing. They add that between 1912 and 1927, wealth per capita among indigenous people in the US declined by about 50%, again after taking inflation into account.“ by Chris Farrell
- “The government stripped over 90 million acres of tribal land from Native Americans and sold the land to non native us citizens. And when tribes were paid for their land, they were systematically underpaid.“ by Chris Farrell
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Episode Information
Marketplace Morning Report
Marketplace
7/1/24
Or does it hinder free speech? That’s the thorny issue the Supreme Court is expected to decide in just a few hours, as it releases its final rulings in what’s been another highly consequential term. We’ll hear more on a case challenging how social media companies deal with content on their platforms. Plus, a look at Major League Soccer’s surging popularity and how the Dawes Act cratered Indigenous wealth.