Many individuals complain about patent law, but have you ever asked yourself what would happen if patent laws did exist in our country? Do we still need patent laws considering the fast pace of technology? When someone gets a patent, they are probably well into production, and they are modifying their goods and services as they learn new things in the marketplace, and at that point Patent My Idea must continually be upgraded. The original patent filing becomes nothing more than a concept of what might be done. Much like the original outline for strategic business plan, when it is simply a gleam in an entrepreneur’s eye.
Further, it’s hard to say if patents even matter anymore, as a result of international corporate espionage, and the fact that some of our latest trading partners are constantly stealing our intellectual property, copying our personal tech devices, hijacking our famous brands, and then selling these items all over the world. Large companies particularly in the technology field need to move so fast, or they will get passed by the competition thus patents often are not well worth the paper they were written on, nor will the patent help the company protect itself from their competitors. (read: Bloomberg Business Week issue March 16, 2012, cover story; “Hey, China! Stop Stealing Our Stuff,” for further insight).
Sure, the company can sue if a person steals their idea, but when the lawsuit is finished, that technology has been leapfrogged 3 or 4 times, so it’s not even relevant at that point. Patent law is interesting because it grants a short-term monopoly on that technology, which was completed making it well worth the risk to buy new inventions. But now it seems like it doesn’t really matter, and these corporations that are bringing forth technologies must bring them forth so quick the Idea Patent process is becoming burdensome, slow, and actually getting in how.
The companies don’t need a patent, what they need is running speed in the marketplace, and this would provide more competition, and minimize prices for consumers and buyers of these technologies. That could raise the productivity in our economy and be akin to an adrenaline shot. It seems like unfortunate that on one hand our government tries to prevent monopolies, however with patent law it grants monopolies through the onset. It’s almost as if there exists a schizophrenic group of regulations, and it is impeding business.
Worse, for the smalltime inventor, they don’t have the wherewithal or perhaps the money to defend their patents anyway. They may spend each of their money acquiring a patent to begin with, then again another company steals it, or someone from China just takes it, starts making this stuff, and all sorts of that money they invested in getting a patent, they could as well have spent getting their product ready for market. The smalltime inventor with the proper backers could possibly carry it to advertise, but that doesn’t negate the international competition, and it also only means the smalltime inventor has absolutely no way. Thus they need to sell it, give it away, or get it stolen.
In that case, we aren’t protecting the smalltime inventor, and also the corporations don’t need our protection, nor should we need them busy fighting in court, they should spend those resources moving ahead to the next generation of technologies. If we got rid of the patent laws altogether, what can change? Well, you can claim that everything would change, but that would iqpzlk prevent corporations and businesses, or entrepreneurs from taking risks in the marketplace provided that you can find sellers and buyers ready to take part in trade with their hard-earned dollars those technologies.
As this concern is so complicated, and clouded with lawyers, laws, politics, corporate interests, international challenges, and regulations it’s just turned into a huge fiasco of biblical proportions, and i also would submit to you we usually are not helping ourselves by continuing to legitimize this monster we’ve created. Either we must have an entire overhaul of Invention Help Companies, or we must ditch the whole thing, because it’s not stopping China from taking what they need anyway. May also have Americans copy Americans in that case. Indeed I am hoping you may please consider all this and think on.