"Canto II" is all about beauty, and when Pound talks about beauty, he tends to talk a lot about female beauty. Among his many interests, you see, Pound was a pretty big fan of the tradition of courtly love, which usually involved stories of young artistic men falling in love with women they could never possibly have a sexual relationship with. For this reason, Pound tends to think of women as powerful, but still passive figures. They're powerful because men will do anything for their beauty. Still, you have to wonder just how active a woman can be if she's always some dude's muse.
Guilty: overall, "Canto II" is a sexist poem because it insists that women can only exert power by sitting back and attracting men.
Innocent: overall, "Canto II" is all about female empowerment, because it shows us that feminine beauty is not just a delicate, fragile thing, but a potentially violent and destructive thing.