In a recent article in the NAS Issues, science policy expert Christopher Hill argues that the United States is shifting from a scientific to a post-scientific society. As he explains it,

A post-scientific society will have several key characteristics, the most important of which is that innovation leading to wealth generation and productivity growth will be based principally not on world leadership in fundamental research in the natural sciences and engineering, but on world-leading mastery of the creative powers of, and the basic sciences of, individual human beings, their societies, and their cultures.

Just as the post-industrial society continues to require the products of agriculture and manufacturing for its effective functioning, so too will the post-scientific society continue to require the results of advanced scientific and engineering research. Nevertheless, the leading edge of innovation in the post-scientific society, whether for business, industrial, consumer, or public purposes, will move from the workshop, the laboratory, and the office to the studio, the think tank, the atelier, and cyberspace.

There are growing indications that new innovation-based wealth in the United States is arising from something other than organized research in science and engineering. Companies based on radical innovations, exemplified by network firms such as Google, YouTube, eBay, and Yahoo, create billions in new wealth with only modest contributions from industrial research as it has traditionally been understood. Huge and successful firms like Wal-Mart, FedEx, Dell, Amazon.com, and Cisco have grown to be among the largest in the world, not as much by mastering the intricacies of physics, chemistry, or molecular biology as by structuring human work and organizational practices in radical new ways. The new ideas and concepts that support these post-scientific society companies are every bit as subtle and important as the fundamental natural science and engineering research findings that supported the growth of firms such as General Motors, DuPont, and General Electric in the past half century. But innovation in these two generations of firms is fundamentally different.

The piece is well worth reading, as it has a number of provocative implications for science policy, innovation policy, and education. Essentially, Hill is arguing that a decline in America's monopoly on science-- even if that does happen-- is not to be lamented any more than the shrinking of the agricultural workforce: it doesn't reflect a weakness, but a more fundamental shift to a different kind of economy, in which the sources of value aren't facts, but what you do with them.