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One such is nanotechnology–the ability to engineer objects at the atomic scale, to build machines whose parts are single atoms. That is the way living things are engineered: A DNA strand or an enzyme is a molecular machine. If we get good enough at working with very small objects to do it ourselves, possibilities range from microscopic cell repair machines that go through a human body fixing everything that is wrong to microscopic self-replicating creatures dedicated to turning the entire world into copies of themselves–known in nanocircles as the "gray goo" scenario.

Source: http://patrifriedman.com/prose-others/fi/commented/Future_Imperfect.html#One_such_is_nanotechnologythe_ability_to_engineer_

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[Sun Nov 14 20:49:46 EST 2004-318] Ray Van De Walker (NOSPAMrgvandewalker@yahoo.com.NOSPAM):
The real revolution in nanotech is probably the technology now called "molecular manufacturing." It completely eliminates most of the industrial infrastructure for constructing and transporting high value consumer products. Therefore, the only productive capital will become information, including designs, and resources. This won't have much effect on employment initially, because we already employ only 5 or 6% of our population in manufacturing jobs. I don't think anyone will mourn factories except investors. However, if nanotechnic patterns, whcih are pure information, and eaasily copied, come to be provided as free software, the whole world economy could collapse into a subsistence economy in which people's wealth is entirely determined by their ownership of real industrial resources.
[Mon Nov 22 12:18:26 EST 2004-326] Virginia Warren (NOSPAMva@NOSPAMgotfreedom.net.NOSPAM):
"However, if nanotechnic patterns, whcih are pure information, and eaasily copied, come to be provided as free software, the whole world economy could collapse into a subsistence economy..."

Oh, you mean the way the whole software and technology industry has collapsed with the advent of free and open source software?

You are ignoring the fact that the vast majority of software is not created to be sold and resold to a hundred or a million customers--it is mostly custom created for a single client, who is paying for someone to turn requirements into software.

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