Tuesday, March 01, 2005

Avi Lewis

Well, it's the night before my Bus468 midterm is due so naturally I decided to go to a guest speaker event and delay any more actual work.
The talk was by Avi Lewis, filmmaker, journalist, socialist. While I agree with a lot of what he said the way that he presented the material that irked me. He seemed to spend a lot of time attacking captialist structures, and quoting sources that are at best economically illiterate, and quoting a lot of stats without quoting their sources. He also tried to impress us with some flawed logic about how lower personal savings and higher corporate profits is a bad thing. But, all I could think is that corporate profits are higher BECAUSE savings are lower. Instead of investing people are taking advantage of record low interest rates to buy stuff. Would he rather people had high savings and low corporate profits? Then all of the companies could go bankrupt and we wouldn't have any jobs and we could just be Japan.
But, he made some good points about tax rates and things. Unfortunately he wrapped it all up in socialist rethoric. It almost seems as if he's a capitalist trying to appeal to socialists.
K. Back to work.
Ernie