Pacific Research Institute's Sonia Arrison argues against calls for nanotechnology regulation. Snip:
"Nanotechnology holds much promise for advances in a number of areas such as material science and medicine, but the nascent industry faces threats from those who believe government should solve problems before they occur. Nanotech scientists must be free to develop their products, as well as the rules that govern their development, in order to reap the rewards and protect society from potential pitfalls. The best approach is the light regulation that already exists, combined with a strong scientific culture of self-regulation."
Arrison was reacting to a report that came out last week from the Project on Emerging Nanotechologies (part of the Woodrow Wilson Institute for International Scholars). The report says that applications of the technology could overwhelm the existing government regulatory system. The New Republic argues for the Project's approach:
"...Free-marketeers bemoan the idea that any nascent field should be hampered by government intrusion. And there's some truth in the idea that growth happens quickest when it is unimpeded. But sometimes rapid growth can also lead to bad p.r., as people focus on hype rather than reality. As Davies notes in the Wilson Center report, "If nothing specific is done to manage nanotechnology's possible adverse effects ... [the] industry would be exposed to the possibility of public backlash, loss of markets, and potential financial liabilities."
An overview from the Chicago Tribune's Jon Van here.
Rick Weiss of the Washington Post covers the story here.
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