Gone in a Nanosecond
US Falling Behind Across the Board
By PAUL CRAIG ROBERTS
On Monday, I reported that the US, formerly a superpower until afflicted with "new economy" syndrome, has lost so much manufacturing capability that it can scarcely produce one submarine every two years and one aircraft carrier every five years. US manufacturing capability is so reduced and shrinking so fast that the president of the American Shipbuilding Association recently said that in the next several years "more and more manufacturing of ship components and systems will migrate to China."
Not to worry say free trade economists. Shipbuilding is just one of those old manufacturing things that the nanotech US economy is better off without. Alas, according to Manufacturing & Technology News (July 8), so much manufacturing capability has already left the US that American nanotechnology capability is largely limited to pilot-scale, low-volume manufacturing.
In testimony before the House Science Subcommittee on Research, Matthew Nordan of Lux Research, Inc., said that any American nanotech ideas are likely to "be implemented in manufacturing plants on other shores."
Nordan says that in some fields of nanomaterials "the manufacturing train has already left the station." The US may even be falling behind in generating nanotech ideas. Last year China led the world in nanotech research, producing 14% more research papers than the US. Even South Korea and Taiwan spend more per capita on nanotech R&D than the US.
Sean Murdock, executive director of the NanoBusiness Alliance, told the subcommittee that the US could not live on ideas alone. Intellectual property is fine, Murdock said, but "if you look at the total value associated with any product, most of the value tends to accrue to those that are closest to the customer-that, in fact, make it."
http://www.counterpunch.org/roberts07272005.htmlPaul Craig Roberts has held a number of academic appointments and has contributed to numerous scholarly publications. He served as Assistant Secretary of the Treasury in the Reagan administration. His graduate economics education was at the University of Virginia, the University of California at Berkeley, and Oxford University. He is coauthor of The Tyranny of Good Intentions. He can be reached at: paulcraigroberts@yahoo.