Word of the Day
October 14, 2022
Bioeconomy
An economic system based on the development, production, and utilization of biological products and processes, including biotechnology, genetic engineering, and biomanufacturing.
A modern compound from Greek 'bios' meaning life, and 'oikonomia' meaning household management. The term emerged in the early 2000s to describe economies leveraging biological resources and processes.
Usage Examples
- Biden's executive order envisions a bioeconomy where federal agencies collaborate to program biology like software.
- Critics warn that a government-controlled bioeconomy could lead to surveillance systems tracking individual health data in real time.
- The bioeconomy framework raises concerns about mandated human augmentation and loss of medical privacy.
From the Show
Pam Long’s analysis of Biden’s biotechnology executive order on the October 14, 2022 broadcast introduced the concept of a government-directed bioeconomy that she warns could enable unprecedented surveillance and control over individual health choices.