What do we expect from a system that encourages lawsuits (nothing to lose, millions to gain)?
They dont really put up with patents either, which is even worse for innovation.
On the positive side of things, China will surpass the US as the world's largest economy in 2015/2016--they won't put up with patent trolls.
They dont really put up with patents either, which is even worse for innovation.
Drifting a bit OT, some time ago they lengthened the copyright status, I think because Disney's characters were going to become public domain. IMO, they should have left it alone and let nature take its course. The more books and older information that can be made public on the 'net, the better.
As for the patent system, it seems to encourage high prices and limited availability (think drug companies) more than innovation. A product in the field is worth 1000 on paper, and it's surprisingly difficult to achieve that, so maybe carefully guarded processes and trade secrets are all that's really needed. Things also get sticky when you start to patent things like gene patterns and concepts generated by brute force computer methods.
As for the patent system, it seems to encourage high prices and limited availability (think drug companies) more than innovation. A product in the field is worth 1000 on paper, and it's surprisingly difficult to achieve that, so maybe carefully guarded processes and trade secrets are all that's really needed. Things also get sticky when you start to patent things like gene patterns and concepts generated by brute force computer methods.
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