13 hours ago, spivonious wrote
Without patents, what motivation do people have to invent things? We do need some patent reform though. 5 years instead of 20 would be a good start.
Seriously, people invent when they see a way to fill unfulfilled need, no matter whether there's patent or not. People don't stop inventing things even if patent is not there, just that the inventors may not properly get their deserved credit.
Given the money governments and companies spent these year for patent related lawsuits and so on, I would rather to have goverment granting beefy prize for recognition of their contribution to mankind (much like Nobel prize) instead of granting monopolies for it.
We're making innovating companies spending too much money needlessly, only to protect themselves from being sued by patent trolls who just register for the idea and never actually implements it themselves, and charges huge licensing fees from it.