I for one welcome my immortal transhumanist cyborg overlords. But seriously, the fact that the first thing they do is start a corporation to control the science is not exactly comforting to me. Genentech is known for selling Avastin, their drug that fights cancer for $55k after they received harsh criticism for the proposed cost of $100k+/year. http://en.wikipedia.org/wiki/Bevacizumab#Costs I fear a future where "all…
Like with anything else, the question isn't whether the rich will be able to afford it, the question is how much progress can we make in making it cheap, how quickly, to get it to how many people? It is a moral imperative to make sure that short-sighted class warfare does not cut off the nose to spite the face by destroying this work under the guise of egalitarianism, because we can not turn on a dime and immediately…
There's a difference between making your money back to cover the cost of research and development while making a profit, and plain old greed. A 20 year lifetime on a patent with a 3-7 year window of exclusivity means you might be dead before you can afford treatment. That's one of the ethical issues that we will hopefully address in a sane and logical way as we move forward. How much money should one be able to make if they are adding days to your life?
I do agree that this type of thing may be helpful to humanity. I just cast a skeptical eye knowing how the drug industry has worked in the past.