3 ms·
Patents only encourage innovation in areas where R&D is expensive and/or time consuming. The pharmaceutical industry is a good example. Software on the other ha
by ZenoArrow 9y ago
Patents only encourage innovation in areas where R&D is expensive and/or time consuming. The pharmaceutical industry is a good example. Software on the other hand has far less R&D risk, and the cost of carrying out that R&D is far smaller. What ends up happening is that there's a race to patent basic processes that require very little R&D, but have wide-ranging legal implications. This stifles innovation.
In short, patents aren't beneficial for all industries.