Saturday, 24 September 2011

Bio Business (Medical)


Bio Business is a commercial activity based on an understanding of life sciences and its process. Over the years, technological advances allowed many significant breakthroughs in the Bio medial field.

A time line on medical advances

In the past, some of the leading causes of death were due to lower respiratory infections, diarrhoeal diseases and perinatal conditions. These can be classified as controllable causes in present times. Medical advances allowed us to develop vaccines and medications, which will protect and cure us from such conditions. In the 2020s, heart diseases are predicted to be a major cause of death and those 3 major causing of the past were ranked after the top 5. These reflect the improvement in medical advances but also suggest that it is hard of us to keep up with the constant change of nature. Scientists have to continue researching on possible ways to fight new diseases and viruses.

Will it be possible for us to have a medication that will grant us immortality?  If immortality would also enable us to stay young forever will you want to take it?
In my opinions, the reason for people to be supportive of this medication will be that it grants them the opportunity to try out many things that they have longed for. Especially when it comes to extreme sports whereby youth is the limiting factor to your enjoyment. We will also be able to have a slower pace in life, pausing and reflecting because we will no long regard time as money. Hence, it will lead us to a more enjoyable lifestyle.

However, there are many other implications. We maybe able to live forever but Earth resources and land space is limited. If everyone is immortal, competition for resources will increase due to scarcity. In a positive situation, you will be able to have whatever you want and still live forever to enjoy them. But on the other hand, if you are suffering in poverty and chances of breaking through is low, immortality will equate to greater suffering. What if technology became so advance such that scarcity is eliminated? The effects about will not be an issue but there are other considerations as well. Since people can live forever and have unlimited resource, they will no longer think twice before doing anything, people will become more impulsive. Knowing that resources will not be depleted, we will splurge on things, which might result to negative externalities, but we will not care about it. Hence, resulting in more selfish personalities. Cherish also be a forgotten feeling since everything is unlimited. Will we still be considered human?

Bio medical technologies have a significant impact on our life. I feel that it is important to improve our livelihood and develop cures to virus and diseases to increase life expectancy. However, immortality may not be that favorable, as we will lose the traits of being human.

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