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To: Gunslingr3

Respectfully, you’re completely ignorant of patent law. Those “state sponsord monopolies” are social compacts between inventors and society and necessary for technological progress. Who will invest in invention if their inventions can be stolen, and how can you prevent such theft without laws?


37 posted on 10/31/2012 9:11:00 PM PDT by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
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To: Smedley
Respectfully, you’re completely ignorant of patent law.

You realize the British crown introduced the monopoly privilege of patents to exact rents from producers in return for securing their monopoly, right?

Those “state sponsord monopolies” are social compacts between inventors and society and necessary for technological progress.

They're only necessary to impart monopolistic profits on those with the most lawyers these days. I imagine you're aware of the term 'patent trolling'.

Who will invest in invention if their inventions can be stolen, and how can you prevent such theft without laws?

People who want to profit from production, which is what creates wealth. Look at the all the choices in touch screen phones, and this despite the patent wars which do nothing but enrich legions of lawyers at the expense of society who must ultimately bear this cost. Does Apple not have an advantage in being first to market? Can they not charge a premium well in excess of their cost by virtue of their innovation?

Society benefits from production, not measures that curtail production.

70 posted on 11/01/2012 7:10:43 AM PDT by Gunslingr3
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