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I also find this distinction stupid. Just abolish all patents and make your business plan accordingly (High quality products, Trade secrets, Saturating the mark
by afsina 11y ago
I also find this distinction stupid. Just abolish all patents and make your business plan accordingly (High quality products, Trade secrets, Saturating the market, Early entry advantage, etc.) I have yet to see a compelling argument against this.
- Qwertious 11y agoThe problem with trade secrets is that they're never made public, and can be lost if the person holding them dies. If they're granted a monopoly on the secret in exchange for publicly documenting the secret, then the rest of the world is better off once the patent period expires - the trade secret is now trade public knowledge. The problem is that if they make up a BS "trade secret", they can get benefits without actually having anything to contribute, which is the textbook definition of rent-seeking.