The Social and Economic Challenges of Nanotechnology by Wood S., Geldart A., Jones R.A.

By Wood S., Geldart A., Jones R.A.

This record by means of the united kingdom Government-funded monetary and Social study Council provides an summary of nanotechnology and its advertisement functions, from cosmetics to the defence undefined. It contains a bankruptcy at the debate among those that declare that nanotechnology could have a favorable effect on society and those that examine it risky. an invaluable literature precis within the moment appendix in short describes the contents of 25 key records released within the box of nanotechnology in recent times.

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The more cautious view is very much rooted in present realities. Within the continuum of degrees of radicalism, the majority between the two poles focus on near-term prospects. The individuals or organisations that fall in each group do not 25 the social and economic challenges of nanotechnology necessarily have conflicting views on what nanotechnology is and means, but their varied aims mean that they make different judgements on the technology and its possible implications. The more radical the concept of nanotechnology, and the more advanced its perceived possibilities, then the more revolutionary are its potential social outcomes.

In her essay ‘From genetic modification to nanotechnology: the dangers of ‘sound science’’ (Science: can we trust the experts? (2002)), Sue Mayer explicitly compares the emergence of nanotechnology to that of GM. Mayer, a veterinary biologist and executive director of genetic-technology focused public interest group, Genewatch UK, draws parallels between these two technologies. Her emphasis is less on any similarities between the nature of GM and nanotechnology, and more on the way the emergence of nanotechnology is being handled.

In ETC’s picture of the future, the “control of the technology will accrue to those with power and the commercialisation of the technology will inevitably give them greater monopoly control”. ETC does not trust big business, or governments, to use this knowledge, power and control ethically. Allied to these issues of monopoly and control is the negative vision that nanotechnology will reinforce global inequalities between rich and poor. As we have seen, nano enthusiasts assert that nanotechnology will “trigger a new economic renaissance that combines the dream of material abundance, sustainable development and profit”, thereby benefiting everyone.

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