What are the potential societal consequences and ethical implications of advancements in genetic engineering that allow for the creation of designer babies?

ANSWER: The potential societal consequences and ethical implications of advancements in genetic engineering that allow for the creation of designer babies include concerns about exacerbating inequality, the commodification of human life, and the unforeseen impacts on future generations. Additionally, ethical considerations arise regarding consent, the potential for discrimination, and the broader implications for the natural diversity of human beings.