Sunday, October 14, 2012

More On Litigation than R&D

The New York Times has this to say:

Patents are vitally important to protecting intellectual property. Plenty of creativity occurs within the technology industry, and without patents, executives say they could never justify spending fortunes on new products. And academics say that some aspects of the patent system, like protections for pharmaceuticals, often function smoothly.

Yes, vitally important, like a baseball bat to a thug.  Executives would say they could never justify spending fortunes, but they would say that, wouldn't they?  It is not true.  They like spending that much money on themselves, but new products do not cost that much. to develop. And what makes anyone think we need to spend fortunes on new designs?  These are people who spend fortunes on themselves and attorneys and sometimes come up with something useful.  To them it is not the "something useful" but the fortunes spent in taxpayer subsidized and patent monopoly industries.

Pharmaceuticals is the worst case scenatio, an awful mess, when it comes to patents.

Is not the simple fact that, as the article notes, more is spent on lawyers than R&D tell you something is wrong?

Feel free to forward this by email to three of your friends.


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