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Patents are literally for rent-seeking. They are explicitly not to maximize the number of people who can benefit from a product in the short term, but precisel
by crazygringo 1y ago
Patents are literally for rent-seeking.
They are explicitly not to maximize the number of people who can benefit from a product in the short term, but precisely to limit it so the inventor can make more money.
The idea being that in the long run the inventions it incentivizes outweigh the people who are limited from benefiting in the short term.
Judges aren't in the position to weigh societal benefits in each individual patent case. Your framing implies that cost-benefit tradeoff. But that's not how it works. The only question is whether a product infringes or not.
- thfuran 1y agoThey are explicitly to promote the progress of science and the useful arts. In practice, I think the terms are now much too long and the lack of requirement to actually use or cheaply license a patent makes the system better at generating profits than fostering innovation.