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Mice Asia Net : January 2010
4 miceAsia.net Perspective please I was a little incensed recently when I read an editorial in another MICE publication that focused on what the writer described as excessive spending by corporate companies on conferences and incentive travel rewards. The writer pondered whether suppliers of MICE product had in some way encouraged excessiveness. Now come on. This entire argument is ridiculously flawed. A capitalist society, as the majority of the world works under, is all about buying and selling. The money comes in through one avenue and is spent in another. If a corporation chooses to spend one million dollars on a conference or incentive program (provided of course that it has the money to do so), then isn't that good? How many jobs are created by doing so? Hotels with high occupancy levels employ a good number of people. These people can then support their families who in turn spend money which in turn helps others. This is how the capitalist system works. We are not talking greed here. We are not talking about how much a CEO gets paid. That is a different subject entirely. We are talking about how conferences and incentive travel rewards help destinations and entire communities. In short, we are talking about how they help local people. The editorial also talked about the shift to more socially responsible elements of conferences or incentives, and how corporations should be doing more of this. And that's fine. But to stop spending on meetings and incentives is quite ludicrous. And, as any financial expert will tell you, when people stop spending it hurts the entire economy. It really is time that people put in positions where they are encouraged to make opinions actually know what it is they're talking about. Greed is not good. But spending money on events in all their forms, most definitely is! I welcome your feedback, MANAGING EDITOR Editor's letter editor's letter email@example.com