The United States government is investing an enormous amount of money in nanotechnology — more than any other country but Japan. This year, spending on nanotech will exceed $1 billion. These vast public funds flow into an unproven field — one that already enjoys substantial private investment — because Congress believes nanotech innovation will boost the economy, create jobs, and keep America competitive. Many members of Congress clearly also believe that the development of advanced nanotechnology will profoundly change and improve the world. The latter point was repeatedly made by legislators discussing the Nanotechnology Research and Development Act in 2003, … Continue reading Assessing the Nanotech Revolution