Hello everyone thank you for coming to our session a free-market brings buyers and sellers together based on supply and demand for various product it is an economically mechanism and a neutral line however the results of marketplace consumerism are not always neutral this is title impacts of a free-market depend upon the ethics that allow or prohibit buying and selling various Commodities take the sale of ivory for example if Ivory is bought and sold freely the demand for Ivory will result in the slaughter of thousands of elephants for their tusks if we find that practice unethical we can prohibit Ivory sales which will make it more difficult to buy and sell Ivory and send a clear message about the ethics of ivory cells the same is true of marketable items in any field if we can do in the presence of reproductive Commodities on the market the market will respond and provide buyers with option if we prohibit sales that also sends a message about the ethics our speakers today are doctor hououin and dr. Glenn Reynolds we will begin with Dr Nguyen the free market is not an appropriate tool for advancing an agenda and it will not work as one it is neutral with regard to Reproductive Rights should we metal with one system in order to address as 80 shoes in a separate unrelated system the market will behave as if he hates For Better or Worse dr. Reynolds you speak as though the market is entirely beyond control but that is not the case we can prohibit or restrict the sale of reproductive Commodities such as sperm and eggs and do the market itself is neutral it can be both harmful and beneficial to society if Cedarwood becomes trendy and home design and decorating cedar trees may be cut down too quickly to allow Terry has to recover and regrow the demand for Cedarwood would be directly to blame for the destruction of cedar trees even if the market itself merely facilitate buying and selling the commodity
Question from Audience: Can you give us an example of a technology that utilizes the Commodities were talking about most of these Technologies are the most common is in vitro fertilization or IVF with was first offered in the United States in 1981 it resulted in the birth of more than 500,000 children between the years of 1985 and 2006 a woman takes fertility drugs to increase our production of eggs and then a physician retrieves those things then sperm is mixed with the eggs and fertilization may take place you can read more about IVF and other assisted reproductive Technologies at the website listed in the resources tab where does the problem arise with the Commodities we’re talking about assisted reproduction sometimes requires the use of sperm eggs are wounds from third-party who are not expected to play a role in raising the resulting children with third parties become involved in our pay for their time and resources at the issues may arise also the costs of these Technologies are often prohibitive horror couples dealing with infertility do not have the same options as well to do couples so do you propose that we use the free market as an Arbiter for ethics based solely on prohibitions and stamps of approval the market as an economic mechanism was not designed for such arbitrations it will not serve well in that capacity we risk losing the human element but we depend on an impartial process to further an ethical goal
Dr. Nguyen’s opinion: The marketplace is nowhere this issue should be regulated. We should present ethical issues to the public, not try to address them in an unrelated arena. The free market must remain totally free.
I disagree with this ^
Dr. Reynolds: Impartiality can work to our advantage see when beings are still the Arbiters we are simply utilizing an established means to facilitate Commerce for example we may want to prohibit human cloning but to encourage in vitro fertilization we can accomplish both through Market regulation we State cloning dangers by prohibition whereas subsidies are given to in vitro fertilization which would amount that stamp of approval you mentioned both send strong signals and the market stays the same already in place offering choices or blocking access.
Dr. Reynolds opinion: The marketplace is the perfect place to address these issues.We use market regulation to address ethical concerns all the time.
I agree with this ^
My opinion: Dr. Reynolds is right. The market itself is free of bias, but we present our own biases through the demand and Supply that keep the market alive. While we are not looking to change the fundamental mechanism of the free market, we can certainly impose or ease restrictions, which amounts to an imposing desired ethics. This is not new, we are simply acknowledging the market as a means to express ethical decisions.
In the scenario assignments above, you are asked to reflect on responses to the presented scenario. It should not just be writing down your first reaction or what you already know.
Reflection involves critical thinking, which means rethinking your existing knowledge and previously held opinions in light of what we have learned about theories of ethics, logic, and reasoning. You will need to question your current knowledge and beliefs.
Discuss the main points of the debate, what stance you take, support that stance, and discuss the opposing argument. Also discuss an ethical theory that would apply to defend your view.
To complete each scenario assignment:
Complete the entire scenario.
Compose your reflection in a Word document and be sure to address, at a minimum, the following questions:
Why do you feel the way you do about the issue presented?
Of the four responses offered in the scenario, which do you think is the most ethical and why?
Support your conclusions with evidence and specific examples from the textbook, including a minimum of one theory of ethics to defend your stance.
Your reflection must be 1-2 pages in length and follow APA formatting and citation guidelines as appropriate, making sure to cite at least two sources. 4
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