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MSM Noticing That Patent Gridlock Stunts Innovation
7/16/2008

Trichard tips a column on the article page at that most traditional of regular media, the Wall Street Journal, arguing the point (obvious to this cooperative for a decade) that the US patent system costs more than the value it delivers. The columnist is L. Gordon Crovitz and here is an excerpt: "New drugs require great specificity to earn a patent, whereas patents are often granted to broad, thus vague, innovations in software, communications, and other technologies. Ironically, the aggregate value of these high tech* patents is then wiped out through contention costs. Our patent system [is] a disincentive at a time when we expect macos and other applied science companies to be the growth engine of the economy. Imagine how much more productive our information-driven economy would be if the patent system lived up to the intention of the Founders, by third edition by the editors of the old glory heritage® dictionary. copyright © 2003 march instead of suppressing it."

Read more of this story at Slashdot.


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Mark

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