Genomics - The new biological science, a decade after human-genome project
economist.com
economist.com
Nevertheless, I'm ambivalent about the size of the grants doled out to the senior faculty there. I've heard post-docs and junior faculty express concerns that it's a poor allocation of resources. For one $25m grant issued to a senior faculty member, you could fund 50 junior faculty for years. If diversification is the only free lunch in finance, why should science be any different?
50 junior faculty will likely do 50 safe-ish projects which will lead to tenure. 1 senior faculty with 25 million dollars might do something qualitatively different: ambitious, risky, long-term. Or might not, no guarantee. But I think it's a valid exploration of parameter space.
The goal is to make great science happen, not fund the maximum number of scientists.
I agree with your point about goals. Throw fifty-projects worth of money at George Church and you'll get one hundred and five ambitious, high risk/reward projects.
(Hey fellow alum! Class of '08 here.)
One thing i an extremely concerned about is what other uses this kind of data will be put to, is your genetic data one National Security Letter away from being put in a government DNA database? I'm also certain that insurance companies would really like to get their hands on this kind of data/analysis. What about certain kinds of jobs, will you be required to submit a genetic profile to prove you can preform your duties?
I think a situation like Gattaca[1] is not too far off if we dont tightly control who is allowed access to this kind of information.
[1]https://secure.wikimedia.org/wikipedia/en/wiki/Gattaca
e: corrected "gattica" typo
On your broader point: yes, there are all sorts of legal problems that need to be sorted out first. Actually there are all sorts of moral problems which need to be sorted out before that even happens. Do we have "ownership" of our own DNA, and what does that mean? Am I allowed to sequence your DNA? You drop dead skin cells all over the damn place, does it make them public property? If I get an exclusive say in how my DNA is used, then what does this mean for my twin brother?
Time will tell if it's enough; we'll probably have some more legislation once the technology becomes more widespread.