4 ms·
The coronavirus probably shows patents to be a thorny mechanism for innovation. Pfizer might have a vax patent but then can't freely make money of it. If there
by conanbatt 6y ago
The coronavirus probably shows patents to be a thorny mechanism for innovation. Pfizer might have a vax patent but then can't freely make money of it. If there were no patents, but they were the best manufacturers, might have been easier to have a freer market on it.
Patents necessarily put more capital investments into patentable work than unpatentable work, but that doesnt mean it is more efficient. I understand the principle of patents, but eventually you end up in heavy interventionism, state funding, litigation, etc. Best to do away of all of that imo.