Hypocrisy $tar$ in the Globe or a Comment on Rex's latest column

As is my Saturday morning habit I started the morning off with a pot of coffee, breakfast, and the Globe and Mail. Not to long after I started making my way through the paper I ended up on the last page of the first section. After quickly skimming the page I decided that I would skip to Rex Murphy's column and then call it for that section.

It soon became clear that Murphy was using the column to take issue with the relatively large, and growing, budgets associated with Hollywood blockbusters (and particularly the monstrous budgets associated with James Cameron). Murphy seemed to find the contrast between the general economic restraint associated with a recession and these ever growing budgets something beyond distasteful. Eventually Murphy introduced the idea that the 'stars' in these films are now sometimes paid more than $20 million for their 'work.' Jim Carrey, and a few recent comments about greed and ambition, received particular attention and criticism.

As much as I might agree with Murphy about the absurdity of pay rates of contemporary Hollywood actors, I think that he missed the larger picture by making them the central component of his critique. These pay packages are really only a very small part of the picture when it comes to the economic implications of a Hollywood blockbuster (particularly a $500 million blockbuster, such as the one James Cameron is trying to make).

Unlike the picture that Murphy paints, the money used to make these movies does not just disappear, nor is it a case of feeding babies or making a movie (without such a movie no more money will go to the perpetuation of the welfare state). More accurately, money is invested a number of interests/corporations and people and then disbursed as salaries or payments during the making of the film. A much better way of thinking about a $500 million film is as a project that will take $500 million from corporate backers and distribute it among those parties involved in the production process. So instead of this money being wasted, it is likely providing pay cheques to thousands of individuals during the course of the production of the movie. If successful, such a movie would the replenish the coffers of the investors allowing them to invest in future projects. Ideally the cycle will repeat itself without pause (creating jobs and economic growth with each iteration).

I guess what I found strange about the column Murphy's seeming unwillingness to accept that transactions like those that result from the funding of a movie are what fundamentally drive our economy. To associate Carrey's comments about ambition and greed with such a picture was a rhetorical trick that did nothing but obscure the larger picture as well as the specific outcomes that are likely to come from a $500 million movie.

Only by investing money and creating jobs are we likely to exit such a recession. Staying at home and keeping our bank accounts tightly secured, on the other hand, isn't a viable solution to the problem.

While one may not like the package that comes with the Hollywood blockbuster (and I am not a big fan) it seems unfair not to acknowledge the positive economic benefits that are likely to flow from such enterprises. To impugn major capital investments, even if they are for Hollywood films, in a period of time when their absence is a notable part of the problem seems not only to be unreasonable, but to demonstrate a lack of understanding or misperception of the problem currently being faced by the economy.

So, yes, Jim Carrey may make ridiculous comments and be paid too much but that doesn't mean that blockbuster movies may not actually help us move out of the recession. Most importantly, it is not the case, as Murphy's comments seem suggest, that we should sit back with a sense of quiet respect and acquiescence as the recession runs rampant and refuse to attend movies, or other participate in other forms of economic activity that may stimulate further economic activity and growth.

It is rather ironic that Murphy didn't catch the hypocrisy in his own column yet was so quick to jump on it in Hollywood.

A Few Quick Notes 274

-We seem to be in the midst of another relatively passable day. Again, I haven't really had the pleasure of experiencing much of it directly, most of my experiences have been mediated through my bedroom window. Unfortunately, the forecast is suggesting that we are in for a fair amount of rain tonight and tomorrow. Fortunately I don't have any obligations that will force me to venture out in less than ideal weather.

-As I should have suspected, we managed to lose our final Ultimate game of the regular season by over 20 points. Unfortunately, I can't say that I helped the cause all that much as a number of my throws were blocked and I was even slower than usual.

That I am pretty slow is really starting to get to me. It seems that there are only a handful of individuals in this league that are slower than me, the rest of much faster. Given the size of the court, this speed differential makes a huge difference and makes much less valuable as a player.

Apparently there will be some kind of play-off structure, though as of yet no one on our team knows how it is to work.

-A few days ago I Neil and I had some black beans that I prepared in my pressure cooker. My plan for dinner tonight is to repeat my bean based success of last week, though with a few modifications to the recipe. I think that the most substantial change will be to use less liquid, as not all that much is needed in the pressure cooker. Also, I think that I may be more generous with a few of the spices.

-If I get my act together later this afternoon maybe I will be able to go for a walk, though the way things are going right now it seems that I will probably manage to just continue wasting my time until I need to start preparing dinner.

-Earlier today I spent a few minutes reading yesterday's Globe and Mail and came across a story about high-end dog services in Toronto and the impact that the recession is having on these businesses. I was moderately surprised that most of the business owners interviewed seemed to suggest that things were still going well and that they weren't really all that worried about the recession. Given the number of stories that I have seen about people abandoning their pets because of financial problem I found this story rather surprising. This story seems to suggest the opposite of the previously reported trend and suggests that people are unwilling to sacrifice the comfort of their pets, and if anything, willing to allow their own quality of life to drop so that their pet's can remain the same.

One comment in the story that I found particularly strange related to pet daycare. The owner of such a facility suggested that she wouldn't really be impacted by a recession because people really didn't have a choice, they would still need to send their pets to daycare. I found this shocking for a number of reasons, most notably because the concept of pet daycare is relatively recent, so people in Toronto would have had to survive without it only a handful of years ago. Furthermore, there are many places in Canada and the rest of the world that don't have access to pet daycare facilities, though this doesn't seem to impede pet ownership to any noticeable extent. I guess I found the idea of pet daycare being necessary laughable. I imagine that this business owner, as well as the other providers of high-end dog products, will be in for a big surprise if this recession gets worse or goes for any period of time. These business owners will find that such expenses are considered luxuries by most pet owners.

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