3 ms·
If you can't innovate, buy (or steal) someone else's invention, and use a government granted monopoly (i.e. patent) to prevent anyone else from innovating furth
by thayne 2y ago
If you can't innovate, buy (or steal) someone else's invention, and use a government granted monopoly (i.e. patent) to prevent anyone else from innovating further and making a better version.
Maybe patents provide an incentive to be innovative, but they also create a barrier to innovating on top of technology that is protected by patents.