Too much shop but you might get a tickle.
The question is understandable:
How do we reward innovators?
The article is sound but I was drawn to this
“Well, as Paypal and Facebook co-founder and investor, Thiel had no use of patents
He should try to invest in tech startups which develop something actually useful to people 🙂 (something like Dyson vacuums or Segways or VR headsets etc etc)
I am not saying that Paypal is useless or bad (aside from the fact that any smart 12-year old can open a paypal account and abuse Ebay – I had a BIG problem with that a few years back) – but it’s trivial, it would have come in one form or another regardless of Peter Thiel or Elon Musk
Bottom line: if you feel that you invented some unique and commercially viable technology you will not publicly share it with others unless there is at least some promise of eventual reward for your efforts”
It is interesting to note that Elon Musk and others who can afford it operate based on trade secrets to avoid publishing patents. I think that set know the system is flawed and needs to side with the creators.
He pointed out he might as well send them to China personally, which highlights the problem with fraud and infringement, essentially theft.
We need to stop basing STEM on the assumptions of Communism.
R&D is expensive into trillions, none of those people will work for free to see someone else profiteer. Capitalism comes from ‘to capitalize’, a VERB.
STEM is not academia, these people can’t be bribed into the public sector and don’t really care about a public that insults them.
Either you own what you make, whether it’s a widget or the blue of the widget, or property rights have exceptions depending on your line of work, which is silly when the huge megacorps are throwing their weight around on owning rounded corners.
“But what is patent infringement, if not theft? Inventions are property AND the first object of government is to protect them. So said America’s founders. All such court decisions relegate inventions to second class property, at best, and encourage if not legalize their theft. Does America need another war of independence…from SCOTUS? These are the sort of decisions that make a growing number of Americans believe appeals in patent cases to SCOTUS should be ended. Do they know what they are doing? Has the court become a safe harbor for thieves? They show no respect for or even recognition of property rights.
Those who bribe the politicians want to weaken the underdog, the capitalist competition that might overtake them.
All these decisions do is make it easier for our much larger competitors to rob and crush us. Show us a country with weak or ineffective property rights and we’ll show you a country with high unemployment and a weak economy. Congress must now act to restore property rights in America. When thieves win America loses.”
Most of the thieves operate from Asia, especially China.
The Western governments do not care. Then they cry out in horror when STEM progress decays.
The journalists opposing patents never want to forsake their own IP, the copyright, which is unfairly granted automatically.