Money is often the greatest motivator for our actions, just like how men depended on food gathering to survive in the past, people today depend on their wealth to sustain a living.
And indeed, a broad range of questions is usually set, with something for everyone.
If Apple did not make profits, we may not be able to continually get new versions of iPhones and iPads anymore. Therefore, it is unacceptable for technology to be used only for financial benefit because it has the potential to make the world a better place in other areas that would be otherwise neglected.
Thus, if used only for financial benefit, technology may be a mismatch to or fall short of what we need. These are questions 1, 2, 3, 4, 6, 8, 9, 11, I think concerns over equality, ethics and fairness are quite clearly reflected in this paper. Also, the use of technology for financial benefit may cause a diversion from what is dire to what is profitable.
Also, with consumerism on the rise, consumers themselves desire to own these new technologies, and are willing to buy them at higher prices, thus resulting in a widening income gap with the rich companies becoming richer and richer.
This landed many farmers in huge debt, so much that some took their own lives to rid themselves of debt. Some people have been using technology only for financial benefit, and this has invited debate.
We will explore philosophical questions in future posts. From this, we can see that while actions taken by private firms are usually driven by profit motives, if their actions could in turn help mitigate societal issues like poverty, it will be considered a win-win situation, which is desirable to the community.
However, technology used only for financial benefit may result in exploitation. For example, Apple continually innovates products to change the consumer mindsets and create brand loyalty, such as the newly launched iWatch with functions that allow the building and maintaining of relationships, letting people send pulses of their heart beats to their loved ones.
Technology serves as a tool that makes use of new found knowledge of how things work to help people be more efficient. How far is it acceptable for technology to be used only for financial benefit? Technology can be used to mitigate problems of hunger, and improve relationships between family and friends.
Some technology used for profits actually reduced poverty, hence is acceptable.
The online business platform developed by Alibaba provides the poor villagers with an exit from poverty. Poverty usually exists in the form of a vicious cycle that trap the poor inside generation after generation. Supporting 1 However, some technology used for profits actually helps to sustain the environment, hence is acceptable.
Yet, besides capturing profit for the technology owner, Taobao helps to improve rural economies across China. In the esoteric world of technology that is based on science, it is difficult for the common man to understand the intricacies and the ability of technology.
Should people be allowed to have children by artificial means?Technology, when used in a morally sound way, can have immense benefits that help a culture grow and develop effectively as demonstrated by the society in Aldous Huxley’s novel Brave New World; however technology can be a double edged sword in the sense that it has the power to destroy as demonstrated in Arthur C.
Oct 06, · Therefore, it is acceptable for technology to be used only for financial benefits if it results in enhancing the possible benefits of technology, and does not harm people. Technology can be used to earn money, by means of increasing efficiency or by the selling of technology.
It is acceptable to use technology for financial benefit only because it can indirectly contribute to the societal welfare. This is because some of the profit gained from the selling of such technology is used to help those in need. Hence, money earned is, in a way, redistributed to the poor to boost their welfare.
The teacher and the student both can use the technology to enhance the teaching and learning strategies. On the other hand, many people are worried of the possible harmful effects of using technology in the classroom or at home. Dec 06, · (’12)How far is it acceptable for technology to be used only for financial benefit?
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