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You asked about morals and ethics, Geoff. Morals and ethics are basically the same thing world-wide - when it all comes down to line one. No matter where you are in the world, as in a civilized society and most likely back woods tribes that are cut off, all share the same thing. Humans are considered to be the most advanced of all species on Earth, therefore it is up to us to try and keep our planet, that we have been destroying, under control. We have the minds, the means, and the power to stop deteriorating the world in which we, and millions of other species of life, call home.
Everything that we come into contact with has been formed by nature and the course of our universe's path. As I said, humans are the most advanced species on arth so it is really up to us to keep things well. Civilized humans have always had their morals and their ethics, first traces of studies on ethics date back to early Greece and Rome.
Who are we to decide that it is time for us to advance to the next level? Sure, some people would like it, but many don't. They don't, I speak for myself on this one, want to genetically modify humans because it would eliminate so many things that make us human. If you wanted someone to be some sort of genius, it could be done with a few modifications here or there. It would completely degrade others who couldn't or wouldn't be "modified" because of others around them that would be.
Is it right to pick yor perfect child? Sure, if a couple wanted a blonde girl with blue eyes, and to be a strong intellectual, with all of those other picture perfect properties, they could have her. That eliminates so much, though. The parents would be expecting their daughter to turn out as they had planned out for her. She doesn't really make her own decisions as they were technically made to think that way by having her genetically modified - I hope you can understand what I mean by that, otherwise ask and I'll try to explain it clearer.
Imagine living in a society that cheated at everything. That is how it would seem to me. Like cheating. You wouldn't have to study as hard, or look after your health as much as we do. You wouldn't have to exercise as much or as hard. You wouldn't be able to get certain jobs because others could just be modified to fit the standards of the job; making them superior to you. It would completely eliminate the concept of equality and certain human rights.
As Alexius said, there would be certainly huge corruption by superpowers; even more so than now. The U.S. would have the means to create the ideal soldier or politician to do their bidding. So could companies... they could get rid of the minimum wage or working hour laws by having people that wouldn't need to go home, eat, or rest as often. Things could quite easily be messed up... sex trade, sweat shops, governments (and all of its departments and affiliates), militaries, slavery, perhaps terrorism, the list goes on...
That is where the moral issues come into play; when it comes to the working world. Wouldn't it be morally wrong to employ people to work a 20 hour day with low pay, don't they have a life too? Or would they be shielded from those "modified" for high paying intellectual jobs? However those "intellectuals" wouldn't have earned their mass intelligence on their own. It would have been "acquired" by their genetic modification - making them what they were wanted - expected - to be.
In another way, it could completely and utterly destroy society. If parents could pick what they wanted their child to become, of course they're all going to say "A highly paid successful person who can carry on their genetic line.". Sure, that would be great in a perfect world... but who will make the world's consumer goods, grow our food, do the dirty work of society, work in factories, etc etc.
I think that you get my point. I must admit that in this case I sound pretty conservative. But certain things are best to be just let alone with, because as Alexius said, things can't be unlearned and once it was learned and possibly put into the wrong hands we'd all be fucked.
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