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(imagine the cost of coal if those third world coal miners were paid as much as the people who build solar panels)

Uhm, where do you think are solar panels being made and at what working conditions?

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You can stack multiple layers that capture light at different wavelength ranges

Yes, but they require exotic materials made of rare elements. Anyway, according to Wikipedia, the current efficiency record, using multiple junctions and lens for light concentration, is 43.5%. Given that the Carnot limit is 86%, I doubt actual efficiency is going to improve much more.

plus if you can just make them cheap enough per m^2 (this is where nanotech comes in), low efficiency doesn't matter.

IIUC, solar cell materials are not particularly complex at molecular level, thus I don't think that nanotech would be of much help.

Indeed it does not, but I thought the whole premise here was to see what would happen to a world that does have that kind of technology.

Drexler seems to believe that we are headed to a future where each one of us is going to have a nanofactory in their house (or in their smartphone) which can manufacture arbitrary things from cheap goo, little energy and blueprints downloaded from the internet.

I think that even if atomic manipulation technology advances greatly (which is itself uncertain), the energy and material constraints will still be significant.

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