In: Economics
Plz write in your own text and don't copy answers that was answered before since my teacher has (Plagiarism checker) thank you at least 3-4 paragraphs
Oct 8/20 beginning "Moderna vows " discussing this leading biotech firm's decision to let any other company use its proprietary (and patented )technology to treat Covid-19 throughout the pandemic and to license its technology afterwards to other firms.
pl analyze this decision from the perspective of the various ethical theories discussed in this chapter and from your own viewpoint
'Moderna' promises to not implement any patent on its vaccine of Coronavirus is exceptionally apparent choice regarding ethics. There are numerous theories of ethics.
Some of them are Egoism
Hedonism
Naturalism and Virtue Theory
Existentialism
Kantianism
Utilitarianism
Contractualism
Religion
Moderna's choice not to authorize any patent on its vaccine of Coronavirus can be best break down under these ethics hypothesis
1) Kantianism - According to this theory 'rightness' or 'wrongness' of a decision doesn't rely upon its consequences yet on whether they fulfill our duties.
Moderna's this decision fulfilled it's duties of serving the society and people by giving treatment to entire world to Coronavirus pandemic that is the reason the decision is ethically right. By this decision other pharmacy likewise can make the vaccine and the vaccine will reach to the entire world very soon.
What's more, in the event that it have licensed it's vaccine, at that point it may conceivable that a significant number of different countries and other pharmacy won't have the option to get a vaccine for this pandemic. Furthermore, ethically that decision would not be right.
2) Utilitarianism-This is a theory that decides directly from wrong by in focusing on outcomes.
Regardless of whether the outcome or result make somebody cheerful or the outcome cause bitterness to somebody.
As indicated by this theory that decision and activity are ethically right whose outcome is acceptable or satisfying somebody.
Moderna's decision makes countless individuals upbeat as now there is a desire for end this pandemic in light of the fact that Moderna will develop a vaccine for Coronavirus infection and will give it's license to all other pharmacy as well
As I would see it additionally this decision is ethically right since, supposing that Moderna doesn't patent vaccine then other pharmacy likewise can create it and it very well may be given to endless individuals in a short period and furthermore in low prices since when it's a typical thing the cost won't be so high.
Moderna's this decision fulfill all the morals and is awesome decision for the entire world.