> In my mind patents were made to protect inventors and the little guy so that he/she could capitalize on their invention before the market is unleashed. When multi-billion dollar companies are gaining government sanctioned exclusivity to something through a patent, something seems off.

I agree. Patent laws have created for moral reasons instead of practical ones. Let this be a lesson to lawmakers to pass regulation based on facts instead of feelings.

> When multi-billion dollar companies are gaining government sanctioned exclusivity to something through a patent, something seems off.

So, in your world, why would a medical research lab spend billions researching and developing new drugs, spend years going through regulatory approval and testing, only to have their drug be sold for pennies as a generic?

This comes up as an example a lot. The solution is not to eliminate patents, but just to get rid of a one-size-fits-all patent. Medical patents shouldn't be on the same footing as a software patent. For example, you could maybe ask for a FDA-Approved-Drug-Patent which would be different than new-roller-skates patent.