Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button


Home > News > 2006 and the plutocracy

January 24th, 2007

2006 and the plutocracy

In the "life industries" sector the most important deal was the purchase of the Biomet company bought by an investment combine including the Blackstone Group and the Texas Pacific Group. This acquisition is important for various reasons. It marks a trend among private investment groups competing for acquisitions : one is not dealing only with competition among corporations within the sector, but rather with investment groups that simply rate the deal, they do not care about the business itself, only its profit potential. In that light, it is significant that Biomet is a business dedicated to the sale of medical prostheses, several of which stem from the use of bio-nanotechnology. Beyond whether these prostheses might help whoever needs them rather than cause new problems, in this context they indicate an industry trend to invest aggressively in "improving human performance", in other words, the definition by the industry of who can (who ought to?) be "improved", opening up a new gap between those who can pay and those who cannot.


Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

Tiny octopods catalyze bright ideas: Rice-led study shows plasmonic sensors and catalysts need not be mutually exclusive November 30th, 2015

Graphene microphone outperforms traditional nickel and offers ultrasonic reach November 29th, 2015

Coming to a monitor near you: A defect-free, molecule-thick film November 29th, 2015

RAMAN Spectrometry Makes Characterization of Various Nanostructures Possible November 28th, 2015

Human Interest/Art

Bionic liver micro-organs explain off-target toxicity of acetaminophen (Tylenol): Israeli-German partnership aims to replace animal experiments with advanced liver-on-chip devices August 17th, 2015

Omni Nano and Time Warner Cable Partner to Provide Nanotechnology Education to the Boys & Girls Clubs of Los Angeles: A $10,000 Donation to Benefit Youth of Los Angeles County's Boys & Girls Clubs August 4th, 2015

Kalam: versatility personified August 1st, 2015

Pakistani Students Who Survived Terror Attack to Attend Weeklong “NanoDiscovery Institute” at SUNY Poly CNSE in Albany July 29th, 2015


Electric fields remove nanoparticles from blood with ease November 24th, 2015

Using light-force to study single molecules November 23rd, 2015

Breakthrough allows tracking of single molecules in 3-D with nanoscale accuracy:New method builds on Nobel Prize-winning technique, with exciting implications for understanding the inner workings of cells and neurons November 23rd, 2015

New EU project designed to link diagnosis and treatment of diseases over the long term: Joint research project aims at the improvement of companion diagnostics and therapy of tumor diseases November 23rd, 2015

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
University Technology Transfer & Patents
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project

Car Brands
Buy website traffic