Earlier quoted context omitted.
I think drug development is one of the strongest cases for a patent system. However: > many people would be unemployed This isn't an argument at all. It's better for people to be unemployed than to be employed in an enterprise that makes everyone else worse off. > and there would thus be no incentive to even develop new drugs Of course there would. We had drug development before we had patents.
> We had drug development before we had patents. How is that? We've had patents for centuries; we've had drug development for maybe one century.
Gene patents probably dead worldwide following Australian court decision
151–156 of 156 posts
Re: Gene patents probably dead worldwide following Australian court decision
#152Earlier quoted context omitted.
The question is: what kind of valuable things would still be produced? You'll still get iPhones, but will you get ARM cores or Snapdragon chipsets or LTE or MPEG4 or pills that cure Hep-C? The bigger picture is that almost all hard R&D takes place under the umbrella of some sort of protection from copying. Intel spends billions a year on semiconductor R&D, and protects it with trade secrets. Pharma companies spend bi…
We could ask, though, which R&D gets protected by patents but not by copyright or trade secrets? Which R&D would not produce a return on investment if patents didn't exist? Drug research, perhaps, though we might be able to find other solutions there, or produce a much more limited form of patent for that industry alone. What else currently depends fundamentally on patents for its business model? Looking at the many…
Re: Gene patents probably dead worldwide following Australian court decision
#153Looking at some of the for and against arguments regarding patents, let's play a mental game: would new, valuable things still be created if the patent system didn't exist? I think yes. The creator wouldn't necessarily benefit directly, but in a way we all indirectly benefit from new technology and ideas. Much the same as it would be better for the poor to have free or affordable essential health care, our society wo…
The question is: what kind of valuable things would still be produced? You'll still get iPhones, but will you get ARM cores or Snapdragon chipsets or LTE or MPEG4 or pills that cure Hep-C? The bigger picture is that almost all hard R&D takes place under the umbrella of some sort of protection from copying. Intel spends billions a year on semiconductor R&D, and protects it with trade secrets. Pharma companies spend bi…
Re: Gene patents probably dead worldwide following Australian court decision
#154Looking at some of the for and against arguments regarding patents, let's play a mental game: would new, valuable things still be created if the patent system didn't exist? I think yes. The creator wouldn't necessarily benefit directly, but in a way we all indirectly benefit from new technology and ideas. Much the same as it would be better for the poor to have free or affordable essential health care, our society wo…
I think that's a misleading question. I don't think anyone is arguing that all innovation would go away if the patent system was removed. However, it seems possible that innovations that require high initial investment and low ongoing costs (medications, gene patents, etc.) would be produced at a lower rate if the incentives the current system provides were removed.
Re: Gene patents probably dead worldwide following Australian court decision
#155Earlier quoted context omitted.
The question is: what kind of valuable things would still be produced? You'll still get iPhones, but will you get ARM cores or Snapdragon chipsets or LTE or MPEG4 or pills that cure Hep-C? The bigger picture is that almost all hard R&D takes place under the umbrella of some sort of protection from copying. Intel spends billions a year on semiconductor R&D, and protects it with trade secrets. Pharma companies spend bi…
> protects it with trade secrets Trade secrets, unlike patents and copyrights, are not a legal construct. They're just things you aren't telling anyone.
Re: Gene patents probably dead worldwide following Australian court decision
#156Earlier quoted context omitted.
Absurd, the price of albuterol has gone up 10 fold since patents have been reinforced on it. When companies have patents on life saving drugs they can charge whatever they want. If they have no patent, they are forced to keep the price low enough so no one wants to compete.
You do understand that the profits go partly back into making new drugs? And also partly into paying people with families? Again: I understand the need for keeping medicines cheap but the removal of patents seems like an overkill with adverse effects. > If they have no patent, they are forced to keep the price low enough so no one wants to compete. ... And no one feels like inventing a new drug that will immediately…