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Its ability to manufacture and replicate things at a very cheap cost has numerous benefits that include the field of medical science, food production and even computer engineering. Ralph Merkle even envisaged that when nanotechnology reached its potential, we would come to the point that everybody is already materially wealthy that we will no longer ask what we can afford but on what is intrinsically valuable that we need.
Ralph C. Merkle envisioned that with nanotechnology, we would be able to cure ailments which are not yet possible today due to the absence of technology and high cost. Mr. Merkle said that with nanotechnology, we would be able to cure diseases at molecular and surgical level with tools developed by nanotechnology . This implies that the serious medical condition of the planet’s ailing people which cannot be effectively treated due to the lack of resources will already become possible thus reducing the level of human suffering (Gehl, 2000).
Nanotechnology can also lower the manufacturing cost of food which is very prohibitive in many countries today causing many people to go hungry. As of today, there are many people who are starving and this has become a source of conflict. Also, food is also used as a political tool which had the serious consequence of starving the people who are caught in the middle of a conflict. With nanotechnology, food production will become less expensive and those people who are starving due the inability to produce food will now be able to produce it at a much lower cost. When this happens, food will no longer be used as a political tool and people will no longer starve. This will have a positive ripple effect of reducing conflict caused by shortage of food.
Ralph C. Merkle also sees that in few decades from now, nanotechnology will enable computers to become incredibly powerful that “we will have more power in the volume of a sugar cube than exists in the entire
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Mashawnda has mentioned a research that was conducted by the Save America First Foundation that was intended for introducing the concept of philanthropy to the young adults. The essence of the article is about how young adults spend their money in charities and what are the statistics regarding this issue.
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