Fundamental physics has been exceedingly successful for over two centuries. The rapid advances in our understanding of natural laws in the first three quarters of the 20th century were just as breathtaking as those in microchips or hard drives in the last. But this progress came to a screeching halt 30 years ago. There has been no real progress since the establishment of the standard model.
To observers outside of the physics community, this fact is far from obvious. Theorists in fundamental physics continue to make announcements on new ideas and results. Books are written and TV shows are made to trumpet the progress in string theory. Many models based on string theory are taken and marketed as facts.
As years and decades go by and waves of string theory "predictions" are repeatedly superceded by new, incompatible ones, doubts begin to grow in the minds of knowledgeable outsiders. How can a "theory of everything" that completely describes an "elegant universe" keep contradicting itself on issues as basic as the dimensionality of spacetime? How can the string theorists be so sure of what happens at 10^19 GeV while being totally silent on the physics just beyond the standard model at 10^3 GeV? How can 30 years go by and nothing in particle physics theory is remotely Nobel-worthy? How can the two most important experimental results (non-zero neutrino masses and a positive cosmological constant) catch string theory by such surprise?
Inquiries regarding these and many other suspicious signs are stonewalled by string theorists. The person who raises the issue is inevitably called ignorant, stupid, malicious, anti-science or all of the above. There are just too many beautiful results in string theory to be explained by coincidence, we are told. String theory is just too vast and too deep for human to comprehend easily, they assure us. Trust us, they say, this is not a case of "it is difficult to get a man to understand something when his job depends on not understanding it".
But they did not address any of the questions. Worse, the list of questions grows longer by the year. Is the universe a 4-dimensional brane floating in the extra dimensions or a glorious 10-(should it be 11 now?)dimensional spacetime with 6 of the dimensions curling up? Why 6 and not, say, 7? If there are countless numbers of ways to curl up the extra dimensions, does each way correspond to a string universe? All these universes cannot be real at the same time, can they?
As the string story gets stretched thinner and thinner, so is its credibility. After it became increasingly clear that string theory would never be capable of making any meaningful predictions, the final straw, for many objective observers, finally fell when a large faction of string community pushed for the wholesale adoption of the Cosmic Anthropic Principle, an erstwhile anathema of modern science. String theory is too important, they claimed, to be bounded by conventional scientific principles, very much the same way in which Envon executives claimed their business to be too innovative to be understood with conventional accounting methods.
Just like the couragous independent analyst who started to question Enron's business practice a year before its ultimate collapse, Lee Smolin (along with Peter Woit) provides a stinging early indictment of the self-propelling enterprise that is string. You will find answers to or at least detailed descriptions of all the aforementioned questions and much more.
To me personally, the biggest surprise came when Smolin exposed the fraudulent proclamation of major achievements in string theory: the finiteness of its perturbative series, the S-duality, the AdS/CFT duality, the derivation of the classical general relativity equation and the computation of black hole entropy. Despite early misgiving about some shaky premises of string theory, I had nonetheless admired my string colleagues for their unparallelled breakthroughs. It turns out that these breakthroughs are nothing more than unproven hunches that somehow became the foundation and justification for decades of dominance over particle physics along with tens of thousands of self-congratulating publications. And you call this a theory more important than science itself? Shame on you!
After giving excellent diagnosis and prognosis on how sick fundamental theoretical physics has become, Smolin uses the final third of his book to prescribe a remedy. Here his arguments falter a bit. He advocates shifting emphasis away from calculation to philosophical deliberation, but with the exception of Einstein's General Relativity, physics has never achieved significant advance through abstract philosophical pursuit. The key to salvation from 30 years of wild goose chase lies in new experiments. Fortunately, the LHC will be operational soon and a new generation of physicists will have something real to work on. With some luck, string theorists will find themselves superceded by old fashion science within the next few years, and the readers of this book will understand why it is such a good riddance.