> The removal of most technology patents would not reduce the incentive to innovate; Software patents are different beast than other patents. In the realm of

> The removal of most technology patents would not reduce the incentive to innovate; Software patents are different beast than other patents. In the realm of hardware patents and IP are enable profits for fabless R&D. It's true that patent system requires overhaul: * A some form of compulsory licensing for all patents after 5 years. Pricing trough auctions or arbitration. IP owners can't decline to license but they can still enjoy license fees. * Software patents with much stricter requirements and very low priced compulsory licensing (discourages patenting when profits are low). No license fees for open source software.