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. . . [E]conomic growth comes down to something quite simple: turning low-value commodities into high-value items. An item is high value typically because it is scarce and people want it. That is how economies have worked for millennia.
The first crack came with the digital economy. Digital copies are . . .pretty much cost-neutral. Suddenly stuff wasn’t as scarce. But that was only . . . digital stuff. Real stuff is still bound by the same rules that 18th-century economist Adam Smith understood.
But . . .synthetic biology, could bring Smith’s reign to an end. Want more “stuff”? Just grow it.
. . . synthetic biology takes micro-organisms, like yeasts or bacteria, modifies their DNA, and uses them as microscopic factories. . .
. . . .
One major focus for this technology is energy. “. . . we are seeing more interest in biofuels. Some people talk about it being the Holy Grail,” [Bill Liao, a partner at SOSventures] says.
. . . .
Liao remains confidently bullish about the future potential. “More money is going to be made, and far more gains made, from synthetic biology than from the entire computer industry.”
Read full, original post: How synthetic biology will make more money than the entire computer industry