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Yes, that is one of the economic consequences. In reality the human-induced homogenisation of life forms on Earth may prove to be in humankind's interest in the long run. It may not. It's impossible to know.Not For Horses said:I don't agree with you but I also don't disagree.
I can see both sides of the argument. Someone has to pay researchers. These new strains of plants that are being developed are being done for the good of mankind. Probably. The people that fund the research should have the right to own them. They built them after all. My big concern is the potential for monopoly. If new and better species are produced, will they push the others to extinction? And if yes, that means that the only way to grow *insert crop here* is to pay someone for it. This, I think, is bad.
Some would even disagree with that as a criteria for evaluation. I see where such people are coming from as my intuition is filled with sadness with every extinction.