‘You know the old adage, those who don’t know history are doomed to repeat it. Looking back at the 1970s, we had a horrible economy, we had huge inflation, a lot of unemployment, no innovation. When you look at patent filings, they were down, and all of the innovation was going offshore. There were a number of reasons for that, but one of the reasons was you could go to almost any court in the country to defend a patent and you’d almost be guaranteed to lose. Patents were viewed as anti-competitive. …. As a result, companies looked around and said, ‘It’s not worth spending a lot of money on research and development because we can’t get patents to protect the results of our labor.”‘
Exactly. If we cant protect our creations and discoveries, inventors have no incentive to spend their money and make the effort. Inventors will tell you that is the state of the patent system. It now mostly protects large entrenched infringers.
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