Abolish patents. This is worth a read: The Case Against Patents http://research.stlouisfed.org/wp/2012/2012-035.pdf/
No thanks, I like having new cancer treatment available.
That paper seems to focus entirely on tech.
China beats US in patent filings for second straight year
21–30 of 38 posts
Re: China beats US in patent filings for second straight year
#22Earlier quoted context omitted.
No. Lets take the most extreme example. Medicine. Development and clinical trials cost you more than a billion. Why would I risk this? I let you develop it, I let you do the clinical trials and then just copy it. Even better. I can always sell cheaper than you since I don't have to recover investment costs. The patents are the only incentives for the investors to accept the risk.
> Why would I risk this? Because you don't. Most of the medical research in the world is government sponsored (yes, including USA).
My wife has worked for a series of VC funded immunotherapy startups. No government money funding them. If there were no biotech patents it’s hard for me to see why anyone would invest hundreds of millions into these tiny companies. The money doesn’t go to salaries - it goes to equipment, supplies, and trials.
Central planners spending other people’s money cannot possibly compete with the private system.
Re: China beats US in patent filings for second straight year
#23Time to get rid of patents. Only useful to trolls and other anti-competitive elements
Dude. I just submitted two patents. Patents are the only way a small company can get an edge. And yes, there is more than software and IT in this world. Good luck to raise non IT capital in tech without patents.
Even if the patents are accepted, you will still have to defend it in court because other patents could have been filed earlier which have significant overlap of your patented idea which could invalidate everything. I have personally seen engineers getting patents granted for technology which is obviously already in use elsewhere and is already patented. USPTO is a joke especially for software based inventions. I just want to know, how can anyone even claim to know they aren't infringing on some part of one of the nearly 300,000 patents granted yearly?
Re: China beats US in patent filings for second straight year
#24Perhaps we should finally just start blatantly cloning their patents and products like they/ve done us, see how far that goes. It's obviously gotten them far.
Re: China beats US in patent filings for second straight year
#25Earlier quoted context omitted.
> Why would I risk this? Because you don't. Most of the medical research in the world is government sponsored (yes, including USA).
My wife has worked for a series of VC funded immunotherapy startups. No government money funding them. If there were no biotech patents it’s hard for me to see why anyone would invest hundreds of millions into these tiny companies. The money doesn’t go to salaries - it goes to equipment, supplies, and trials. Central planners spending other people’s money cannot possibly compete with the private system.
Your example is anecdotal, while search shows that most of the medical research is gov money via universities.
Re: China beats US in patent filings for second straight year
#26Earlier quoted context omitted.
My wife has worked for a series of VC funded immunotherapy startups. No government money funding them. If there were no biotech patents it’s hard for me to see why anyone would invest hundreds of millions into these tiny companies. The money doesn’t go to salaries - it goes to equipment, supplies, and trials. Central planners spending other people’s money cannot possibly compete with the private system.
Your example is anecdotal, while search shows that most of the medical research is gov money via universities.
It is people risking money in order to earn huge profits that makes the system work. The government spends enormous amounts of money on basic research, much of it ineffectively IMO. Bringing cutting edge therapies to the market was, is, and always will be through the entrepreneurial system. Believing bureaucrats can accomplish the same thing is naïveté.
Re: China beats US in patent filings for second straight year
#27Earlier quoted context omitted.
My wife has worked for a series of VC funded immunotherapy startups. No government money funding them. If there were no biotech patents it’s hard for me to see why anyone would invest hundreds of millions into these tiny companies. The money doesn’t go to salaries - it goes to equipment, supplies, and trials. Central planners spending other people’s money cannot possibly compete with the private system.
Your example is anecdotal, while search shows that most of the medical research is gov money via universities.
Most of the primary research is NIH money handed out to university researchers. But then easily as much money is spent in human trials and that’s privately funded.
Re: China beats US in patent filings for second straight year
#28Re: China beats US in patent filings for second straight year
#29Abolish patents. This is worth a read: The Case Against Patents http://research.stlouisfed.org/wp/2012/2012-035.pdf/
Software patents, in any case.
Re: China beats US in patent filings for second straight year
#30Filings do not equal patents. China floods the market with scientific papers and only a very tiny percentile actually have anything useful. China is obsessed with publishing. I’ve often wondered if it’s for prestige or survival.
So, exactly like everyone else today?