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Cake day: June 26th, 2023

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  • Let’s say you design a revolutionary widget of some kind, but don’t have the means to to produce it at scale. How do you get it to market? You parter with a larger company. For a share of the proceeds, you have them produce the item. Without a patent, when you go to the manufacturer and show them the design, they can just start making it themselves and tell you to beat sand.

    Also, patents require competitive companies to alter a product design in order to sell it. If everyone could just copy the same product, there would be further incentive to monopolize the means of production to produce the single product at a larger scale, since the only differentiation between products would be the price. Patents allow competition through limited-term protection of their innovations.

    Is the patent system abused by large companies? Absolutely. But removing patents won’t make them.good actors. It’ll just remove any limitations on their theft.