Earlier quoted context omitted.
>For comparison a 42" full-color 60fps TV with remote, speakers, wifi, etc. etc. is $140. Because it's a lot easier and cheaper to manufacture large LCD panels at scale than E-ink film. >It seems like the patent holder could be making a lot more money if they dropped the price. I don't know any company or shareholders that would say no to making more money so if this would actually be true then it would, but that's n…
You say that, but patents traditionally hold back progress. If you look at the amount of horse power generated by steam engines - it spiked after the patents expired. There are probably many techniques and processes that would be tried and developed if it wasn't locked up by patents.
Without patents, there is far less incentive to seek progress. What's the point for a for-profit organization to spend resources on Research, just to see your innovation immediately copied?
And if said for-profit organization still innovate, it has a strong incentive to keep its innovation as secret as possible. Patents by contrast, incentivize sharing, on one hand it makes the innovation public knowledge, and on the other licensing agreements usually exist.
And in the end, 20 years is really short compared to human history.
Are patents an ideal solution? Hell no, this system is too easily abused (patent trolling, patent thickets, etc), and feels really wrong at times (patents on life-saving drugs for example). But so far, that's the best compromise we manage to mostly agree on in terms of worldwide IP recognition.