Thursday, January 23, 2014

Patent Trolling Goes To Asia

Seems a very bad idea is working in Asia...

How did Transpacific IP get its start?I found an opportunity; there was a good patent portfolio available for sale through a national auction in Taiwan. I knew where to locate some money and went ahead and put a bid in. We kind of came out of the blue and we were successful. I thought if we could just buy 500, maybe 1,000 patents, and license them out, we’d make a pretty good business. Within 12 months, we were well into 1,500 patents, and it’s just been going on and on since then. 

Inherent in the idea of IP is fantastic wealth for the individual, which is contrary to good order and prosperity.  With all of the harm done to the US by IP, well documented, why would anyone wish this on Asia?

American business vertainly does not have much use for IPR.

The essential argument against IPR is the regime requires the violence of the state to maintain.  It is not a free market mechanism.

Of course some people will make money any way they can. But IP will cripple asia the way it has USA.

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


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