UnionFaps
hermitscave from patreon
hermitscave patreon

Chapter 288 - Bad News

🕑 Added 2020-07-31 16:30:01 +0000 UTC

Comments

You might want to reconsider the introduction of a patent system. It slows down or outright prevents innovation and incremental refinement when someone patents a key mechanism of an industry, or at least forces others to use sub-optimal solutions to problems that would have a better solution, that got patented. Imagine if movable type, electricity, railroads, or vaccines get patented, not to speak of all other more specialized ideas and technologies. In addition, it increases bureaucratic costs both for the state and businesses, and introduces legal uncertainty and risks for innovative new businesses. For a practical example, look at the history of the evolution of the steam engine: https://fee.org/articles/do-patents-encourage-or-hinder-innovation-the-case-of-the-steam-engine/ With free competition, you get an efficient and innovative industry, while patents are a step towards an inefficient and litigious direction favoring big, slow, established actors.


More Creators