This is an important point and I wonder about it often. Especially the last one about countries that are lax on individual privacy. Imagine what China or Chinese companies could do with the genetic information they collect from their population. The lack of regulation is scary, but at the same time, they will be at the forefront of genetic engineering and designer humans. Can't think of any solution other than a World government. EU and AU has shown it is possible.
I meant it as a good thing. Some things will need to be regulated at the global level. We are already seeing global problems - global warming being the prime example. I think we will end up either destroying ourselves or end up with a world government. World government will clearly be the better outcome. How that government works would also be an interesting topic for science fiction. Hint: I don't think it will be a democracy.
