- Joined
- Oct 30, 2005
- Messages
- 5,171
" I'm not sure it's right or wrong, but I'm not sure it's unreasonable either, especially if it makes a better product for consumers. "
I think that is *possibly* nearsighted, the latter part I mean. I agree with your conclusion under your assumption, but I think your assumption is flawed. To explain, if anyone can use my innovations and inventions, then I can't guarantee I will make a profit (in general, the better businessman will, I expect, but that's an aside). If I can't guarantee I will be the one making profit on my inventions, I will simply seek another means of making money. If I stop inventing, clearly the consumer isn't going to benefit from those inventions. (Of course, that only holds if I'm in it to make money.)
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Actually, there are two schools of thought on that.
The most common heard is as you describe, e.g. why innovate when others can just use my innovation and I gain no profit.
The second is that patent protection prevents innovation, e.g. why improve this product, i.e. innovate, when I can't make the improved product since someone else has protection over the base product. This happens more often with "cutting edge" technology in industries with a "line" of patent protection. And, of course, there is the common belief the the best product will make the most money, so everyone must constantly innovate to stay one step ahead of the competition.
Both schools of thought have merit IMO, so the current limited time protection seems a decent compromise.