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When Molecules Fly: Is Government Repeating the 'Space Program' Mistake?


To _me_Earthlink <markreiff@earthlink.net>
From Mark Reiff <markreiff@earthlink.net>
Date Mon, 19 May 2003 16:57:18 -0500

FYI,

"When Molecules Fly"
Tech Central Station
http://www.techcentralstation.com/1051/techwrapper.jsp?PID=1051-250&CID=1051-051503B

: Should the federal government fund scientific research with taxpayer
: dollars?  Boondoggles like the Superconducting Supercollider, the
: space station, energy research programs, the Supersonic Transport
: plane, and numerous other examples of corporate and scientific pork
: argue for leaving such efforts to free enterprise.

: Eight years ago Congress seemed to agree. Upon the release of the
: "Contract With America" to reduce the size of government in
: Washington, the first Republican Congress in 40 years proposed
: sweeping reforms like privatizing national laboratories and
: government research programs.  There was even legislation to create
: a Corporate Subsidy Reform Commission, an attempt, modeled on the
: military base closing commission, to curb billions in handouts to
: private companies, i.e., business welfare.

: But now Republican advocacy of science pork is back. Exhibit A for
: 2003 is nanotechnology, the cutting-edge science of direct
: manipulation of matter at the molecular level. Government wants to
: get involved in a big way, despite companies such as IBM, Hewlett
: Packard and Intel - and numerous venture capitalists - already
: taking the lead.

: The field sports its share of hype: Surely, promised "nanobots" to
: attack cancers and other human ailments - or even repair cellular
: damage and revive cryogenically frozen human beings - remain in the
: far-distant future. Similarly, the proposed "Starlight Express"
: carbon-nanotube elevator to outer space - from a NASA-funded outfit
: called Highlift Systems - belongs to the realm of science fiction.

: Meanwhile, the ETC Group, while alarmed about the potential hazards
: of unrestrained nanotechnology, points out that yearly scientific
: citations to "nano" have grown nearly 40-fold, the number of
: nano-related patents is surging, and nine nanotechnology-related
: Nobel prizes have been awarded since 1990.

: To many in Congress, what's needed is not a free hand for technology
: entrepreneurs to explore this blossoming field, but government
: money. President Bush's proposed 2004 fiscal year budget for the
: National Nanotechnology Initiative (NNI) is $847 million, a
: 9.5 percent increase over 2003. The NNI was created by the Bush
: administration in 2001. In addition, the House Science Committee
: just authorized a $2.4 billion funding program for nanotechnology,
: and the full House is likely to approve it. That's not huge by
: Washington standards, but such programs only grow.

: Politicians have no innate ability to pick among competing
: technologies, whether nano, macro or otherwise. If they did, they'd
: be entrepreneurs themselves. And they're particularly bad at the job
: when using taxpayer money. Politicians can merely transfer wealth,
: which automatically invites wasteful pork-barreling to propel funds
: to one's home state. Scientific merit need not carry the day. But
: even if it did, taxpayers should get to decide for themselves which
: technologies to invest in.

: Nanotechnology is plainly viable on its own, moving forward on
: fronts too numerous to catalog, all seeking to make breakthroughs
: before others. Nanotech venture capitalist Josh Wolfe told Wired
: magazine that most business proposals he sees now have "nano" in the
: title. Venture capitalists have plowed in hundreds of millions of
: dollars over the past five years. And according to the National
: Science Foundation, the market in nanotech products could be
: $1 trillion a year by 2015. That's nearly 10 percent the size of
: today's gross domestic product.

: The vigorous calls for government research seem in part a reaction
: to the technology market downturn. But we ought not look for a
: technology savior in emergent biotech or nanotech spawned in
: government labs. Forthcoming technologies should be products of
: capitalism and entrepreneurship, not central planning, government
: R&D, and pork barrel. Tomorrow's nanotechnology markets have too
: much potential and are too important be creatures of government. 

: It's still early enough in this particular pork game to stop it
: before it goes any further. My Cato Institute colleague Tom Miller
: put it best when asked by technology reporter Declan McCullagh about
: federal nanotechnology funding: "I suggest giving them nanodollars."

: Wayne Crews is director of technology policy at the Cato Institute,
: www.cato.org .

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