Linked by jrincayc on Fri 15th Jul 2011 17:14 UTC
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Member since:
2006-01-16
The purpose of patents is to ensure that companies / individuals get a return on investment in research and development. Without patents, there is no motivation to invest in research and development if somebody else can take the results (without contributing to the cost of the R&D) and beat you to market with a competing product.
This makes sense when applied to physical products. When applied to things like software, genetics, business methods, etc. like it has been, it is no longer beneficial to the community as a whole, and simply turns into government sanctioned thuggery. I have no doubt that there should be protections in these areas as well, but they need to be separate from patent law, with different rules, limitations and means of litigation that are tailored to the specific fields and result in a the best positive and balanced outcome for both the companies and communities as a whole.
Or, to be more direct for the sake of brevity: patent trolls should strung up by their nuts.