China beats US in patent filings for second straight year
asia.nikkei.com
asia.nikkei.com
The Case Against Patents http://research.stlouisfed.org/wp/2012/2012-035.pdf/
That paper seems to focus entirely on tech.
And yes, there is more than software and IT in this world. Good luck to raise non IT capital in tech without patents.
> Good luck to raise non IT capital in tech without patents
Again, this wouldn't be a problem if there were no patents
The patents are the only incentives for the investors to accept the risk.
Because you don't. Most of the medical research in the world is government sponsored (yes, including USA).
Central planners spending other people’s money cannot possibly compete with the private system.
You have no idea about this industry. Or for the noob: development costs are tiny compared to costs in clinical trials.
There are some interesting compounds. Dichloroacetate for example. Not patent protected. Feel free to start your own clinical trial tomorrow. :-)
You assume the product is some easy to alter and adjust software product. What if it’s a new jet engine or a drug?
If the patent office can't do its job then how is the system supposed to work?
There are generally two legal fields related to patents - patent prosecution (getting the patent) and patent litigation (fighting in court). There is not very much overlap between the lawyers; each is very specialized.
People get patents for a lot of different reasons, only one of which is to hold up in court. If that’s what you want, you have to hire lawyers that will make that happen. It costs more money and takes more time, but if you want a patent that holds up in court you have to hire the right people to write it correctly, from the very beginning of the process.
Again, this is not what everyone wants. Most patents are intended to be for defensive, negotiation, or vanity purposes - the expense involved with making it bulletproof is just not worth it.
But regarding the other poster (comment got deleted):
China has a higher average IQ than the US and 3 times the population. So more patents are not surprising in the end.