Linked by Thom Holwerda on Thu 7th Jun 2012 21:23 UTC
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Member since:
2006-03-20
The original point of patent protection was to incentivise innovation. To ultimately make the USA an attractive place for business and economic growth.
What we have now is the patent system abused - allowed to be abused by an incompetent patent office - which is stifling innovation and making the USA increasingly unattractive for businesses.
If this continues at the crazy pace this is - the USA will become unattractive, prhibitive for business. At that point the USA will initiate change but probably not before. It'll be the point when US citizen look beyond their borders and see more innovation, choice and economic activity in other countries which have a more sensible approach to patents. They'll look at their own and and realise that an economy of a few super-patent-laden monopolies is not giving them what they thought they deserved as US citizens.