Re:Foreigners turn to India in search of cut-price, life-sav...
by ekianjo on Monday March 07, 2016 @06:56AM
(#11238384)
> I find the concept of intellectual property and patents ridiculous.
I think what's more ridiculous is that the patent system was not made, in the first place, to lock competition out of the market. It was supposed to be a starting point to create licenses for other companies to produce the same item, by providing royalty fees to the original patent owner.
But the system has quickly become a way to create rents and lock competitors out of the market. Short of fixing patents by making them shorter and all, we should find a way to market licenses at reasonable costs so that alternatives exist even during patent protection.
I think what's more ridiculous is that the patent system was not made, in the first place, to lock competition out of the market. It was supposed to be a starting point to create licenses for other companies to produce the same item, by providing royalty fees to the original patent owner.
But the system has quickly become a way to create rents and lock competitors out of the market. Short of fixing patents by making them shorter and all, we should find a way to market licenses at reasonable costs so that alternatives exist even during patent protection.