HOTA

HOTA

Donation of organs, well I guess people are not willing to a donor. “Why get into so much trouble, I won’t receive any money? Well, it’s because of this of mind set which is the reason why so many countries including Singapore face a shortage of organ donors. People nowadays are just too selfish to care for others and not kind-hearted enough. Why must I care? They always say. As a result, illegal organ trading has aroused in our community. I will be sharing my views on this issue.

I will be looking at this issue from a different point of view compared to many people. People always think that organ trading is unsafe and harmful. Well, I think of it otherwise, I think of it from an economist’s point of view, believing that the best solution for this problem is to legalise organ trading. I bet you all are already beginning to object. I see the potential moral hazards in this solution as negligible compared to the potential of saving so many more lives, when people can get organs more efficiently.

To begin my debate, I would first explain the moral hazards that would occur in this solution. Now, a moral hazard occurs when an individual hides information from another individual whom he is doing the transaction with. So in relationship to the solution, the moral hazard would occur as the recipient doesn’t know whether the organ he/she is buying is from a credible source etc. But, think of it this way, it saves lives anyway, so it is a benefit! This shows that benefit outweighs the cost.

It is better to make organ trading legal than illegal because people will turn to black markets and undergo illegal operations which are a lot more dangerous. Further more, legalising trade will allow regulatory practices to be set up to monitor the trade, which means that it will be set at certain prices that are deemed reasonable. Regulation, the lower income people will also benefit as the government will find it trustworthy enough, thus finding ways to help the lower income group!

This are my views, however there are many different views to this never ending debate, so comment and tell me your views!