How far is it acceptable for technology to be used only for financial benefits

Topics: Technology, Poverty, Warren Buffett Pages: 2 (736 words) Published: October 24, 2013
The inexorable development of technology has indeed become an integral part of our lives. Evidently, we often involve technology almost in every aspect of our lives. As a result, business in technology area seems very enticing for most people as they can potentially generate a lot of profit from this field. Hence, more and more people start to invest in it. However, as people are getting indulged in profit maximisation, problems concerning ethics and societal welfare start to arise from technology. Some argue that the usage of technology only for financial benefit is acceptable because such benefit can be redistributed to the less privileged ones to improve their welfare. However, others claim that it is unacceptable to do so because people, more often than not, may pursue such benefit at the expense of others. I, personally, am more inclined to the latter stand as the sole usage of technology for financial benefit will deal a fatal blow to the global society. 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. A case in a point is the Gates Foundation in which Bill Gates, the founder of Microsoft, channels some of his profit from his business in the computer field to build this foundation to empower the needy to lead a better life. his is obviously unacceptable because every person has the right to have fair wages and enjoy conducive working environment. Thus, the use of technology only for financial benefit is still unacceptable, regardless of such benefit that may be used to help the last and the least, if some groups are being made worse off in the process.

Furthermore, focusing only on financial benefit when we harness technology will make technological development shifts towards the favour of...
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