Re:Paradise Papers: Dear Tim Cook
by nickpp on Wednesday November 08, 2017 @07:50AM
(#15651866)
I am, in fact, skeptical on the ability of patents to stimulate innovation. I think that in a free market the prospective profits should be enough.
See software, where patents are mostly used to destroy competition.
However in heavily regulated markets, with huge barriers of entry, like pharma, they may be necessary. But again, that's the result of government intervention, so more intervention is the solution.
At the least, I am in favor of gradually reducing patent terms while measuring the effect on the innovation in that market.
See software, where patents are mostly used to destroy competition.
However in heavily regulated markets, with huge barriers of entry, like pharma, they may be necessary. But again, that's the result of government intervention, so more intervention is the solution.
At the least, I am in favor of gradually reducing patent terms while measuring the effect on the innovation in that market.