Societal impact of nanotechnology

The societal impact of nanotechnology are the potential benefits and challenges that the introduction of novel nanotechnological devices and materials may hold for society and human interaction. The term is sometimes expanded to also include nanotechnology's health and environmental impact, but this article will only consider the social and political impact of nanotechnology.

As nanotechnology is an emerging field and most of its applications are still speculative, there is much debate about what positive and negative effects that nanotechnology might have.

Beyond the toxicity risks to human health and the environment which are associated with first-generation nanomaterials, nanotechnology has broader societal implications and poses broader social challenges. Social scientists have suggested that nanotechnology's social issues should be understood and assessed not simply as "downstream" risks or impacts. Rather, the challenges should be factored into "upstream" research and decision making in order to ensure technology development that meets social objectives

Many social scientists and organizations in civil society suggest that technology assessment and governance should also involve public participation

Some observers suggest that nanotechnology will build incrementally, as did the 18-19th century industrial revolution, until it gathers pace to drive a nanotechnological revolution that will radically reshape our economies, our labor markets, international trade, international relations, social structures, civil liberties, our relationship with the natural world and even what we understand to be human. Others suggest that it may be more accurate to describe change driven by nanotechnology as a “technological tsunami”. Just like a tsunami, analysts warn that rapid nanotechnology-driven change will necessarily have profound disruptive impacts. As the APEC Center for Technology Foresight observes:

If nanotechnology is going to revolutionize manufacturing, health care, energy supply, communications and probably defense, then it will transform labour and the workplace, the medical system, the transportation and power infrastructures and the military. None of these latter will be changed without significant social disruption.

...
Wikipedia