‘we have more innovation’

http://time.com/money/3956351/jack-bogle-index-fund/

Q: Why not? More than half of the stocks you could buy, by market capitalization, are outside the U.S.
A: In the long run, market returns are created by business returns. And I think American business and the American economy are going to be the strongest in the world. I think we have more innovation. I think we have better technology. And I know we have a better legal structure, better shareholder protections. Some foreign nations are fine, but not all.’

Those are the comments of Jack Bogle, the founder of Vanguard. Jack understands the importance of innovation and technology to the American economy. Yet recent changes to the American patent system have nearly destroyed the incentive of inventors to create. That is clear by the collapse in small entity issued patents and filed applications which according to our recent study have atrophied to about only 10% of their historical shares, if not less and still falling. The reasons are simple: it is now far too hard, expensive and slow for us to get, keep, and enforce patents to our inventions. To a great extent the legal structure -courts, no longer respect our property or our rights. These are the reasons American inventors are leaving the patent system and are no longer inventing, unless we can protect our discoveries as trade secrets. But few inventions can be so protected successfully. For us, the patent system is in shambles.

For our position and the changes we advocate (the rest of the truth) to restore the patent system, or to join our effort, please visit us at https://aminventorsforjustice.wordpress.com/category/our-position/
or, contact us at aifj@mail.com

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