To enhance their quality of life, human beings pursue different facets of knowledge.  They explore greater knowledge about their existence as well as the existence and functioning of the world. Science provides a clear and practical tool through which humans explore their quest for this important knowledge. Using this, they are able to unlock many mysteries and answer a host of questions about their entire wellbeing. In the recent past, humans have explored capacities to manipulate genetic material. Indeed, this is revolutionary knowledge that greatly enhances the quality of life of humanity. Nonetheless, the fact that all living organisms’ genetic wellbeing can be manipulated using relative technologies raises various concerns. Thus although the benefits are immense, the government should regulate the practice.
One of the technologies associated with genetic engineering pertains to cloning. Basically, this is creation of multiple replicas of the existing organism. Various scientific procedures are employed during cloning to ensure that the ultimate product has idyllic qualities. For instance, cloned human beings often have the best qualities, at least from the point of view of the current population. Failure to regulate the practice can amount to production of persons of similar attributes. In the long run however, it should be appreciated that human tastes and preferences are dynamic. It would be difficult to reverse the procedure if the respective qualities are no longer considered to be ideal.
If genetic engineering is not regulated, it can culminate in the extinction of important species. In this respect, humans utilize both plant and animal species for various purposes. Naturally, inherent diversity cushions populations against negative effects that occur periodically. Extinction of important species and creation of dominant species compromises the very existence of humanity. In particular, it exposes the human race to various social, economic and environmental threats that can wipe out the entire generation. For this reason, it is imperative for the practice to be regulated.
Finally, unregulated genetic engineering can mess up the global economy. Since all products as well as relative production processes would be ideal, there would be no need for employment. Innumerable products that are currently in the market would be taken to waste if cloned products are allowed to flood the market. Business would lose meaning and the economy would be destabilized. In this consideration, it is vital for the practice to be regulated.
In sum, recent developments in the field of knowledge have culminated in the exploration of genetic engineering. This allows for manipulation of the genetic wellbeing of living organisms. Although the practice has various benefits; it needs to be regulated by the government to yield optimal outcomes. Lack of regulation culminates in extinction of important species, exposure of the human race to imminent social, economic and environmental threats due to creation of dominant species, and destabilization of the global economy. Undoubtedly, these impacts have far reaching implications on the general wellbeing of the human race.