- There are as many revolutionary discoveries with and without patents
- Without patents, discoveries would be freely avalaible
As far as I know, two (related) arguments are generally made for patents:
- Patents create an indirect (by preventing the competition from using your invention) or direct (by licensing it) monetary return to innovation, potentially leading to more innovation
- If a company wants competitors not to copy their innovation, they can 1. keep it secret or 2. disclose it and patent it; without patent the choice is between 1. keep it secret or 2. disclose it and have everybody copy them. In this case, patents lead to more innovation being made freely avalaible (with a delay!).
Whether patents lead to more or less innovation is, as far as I know, contentious.