The ITC and Patent Trolls

Thanks to Larry for the heads-up -

Little known is the role the ITC plays in giving foreign companies a hand up at patent-trolling:

Meanwhile, the entire economy suffers. A recent Boston University study estimates that patent trolls led to $500 billion in lost wealth to defendants—largely technology companies that invest heavily in research and development—between 1990 and 2010. Rent-seeking doesn't increase economic productivity or boost employment. It merely incurs losses for all.
Equally troubling is how the taxpayer-funded ITC has drifted from its mission to protect domestic industries. The sometimes foreign-based patent trolls now use the ITC to attack the very companies the agency was created to defend. We're paying money to benefit entities that are little more than modern-day buccaneers raiding domestic businesses.

As Larry said, get rid of patents, and the patent trolls go away.

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