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Of course - I suspect that most existing tech would exist, but some things (drug discovery) would need to be further subsidized. However, things like drug paten
by nickpinkston 14y ago
Of course - I suspect that most existing tech would exist, but some things (drug discovery) would need to be further subsidized. However, things like drug patents are arguably as apt to be funded as roads or a court system - public health mustn't be held hostage.
- Jach 14y agoThe cost of research for a new drug is dwarfed by the cost to get it approved by the FDA, and dwarfed again by further marketing costs. Not to mention most "researched" drugs are just "me-too" copies of financially successful drugs. Not to mention that of the top 46 selling drugs worldwide, 20 of them do not owe their existence to patents. And the case for pharmaceutical patents just gets worse and worse, it's a great case study of patents being totally ineffective in encouraging innovation or benefiting the consumer. http://levine.sscnet.ucla.edu/papers/imbookfinal09.pdf http://levine.sscnet.ucla.edu/papers/imbookfinal09.pdf
- nickpinkston 14y agoAgreed - I struggle to find any area of engineering that would decrease in output in the long term from the striking of patent from our laws.