Yes, patents speed innovation.
As a society, we grant a 19 year monopoly in exchange for publication of the details of the invention. We do this because the alternative is everyone keeping those details secret, which definitely slows down innovation. Going back to the days when alchemists kept their recipes in secret codes is not better than what we have today.
What we need is to put more money into the patent office, so they can do a better job, and make it easier for the public to challenge patents that are too broad, or that aren't actually innovation. The current system defines prior art as prior patents, largely because the patent office does not have the resources to (or the help from the public) to do a better job. If the patent office could insist that there was enough information in the patent to reproduce the work, that would bring us back the main benefit of the system. This is a problem that peer review of scientific papers is supposed to help with, and even there we are finding problems (most recently in psychology research, where one study found over 30% of the results were irreproducible).
None of us on this list are hampered by patents. We are hampered by money. If we wanted to spend the money, we could use any patented methods we like, and not run afoul of patent law, because we aren't selling anything. It is only when you start making money from someone else's idea that you get into trouble. We are free to innovate. We are just not free to profit.
Patents attract capital. Capital likes the monopoly protection they provide. Without the security of that protection, there would be less capital to fuel further innovation. And since we are not the only ones hampered by a lack of money, patents speed innovation.
On Sat, Feb 13, 2016 at 6:54 AM, John Griessen <john@industromatic.com> wrote:
On 02/12/2016 09:34 PM, Dennis Oleksyuk wrote:
What I'm really curios to see is a real example of suppressing the innovation.
I could not find it.
You think a 20 year monopoly speeds innovation? Even if it can be bought for little details as well as
big concepts?
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