Richard Posner: Why There Are Too Many Patents In America
Posner may well be one of the most important figures in tech in the coming decade for standing up against the lunacy of software patents. What Congress and the President don't seem to understand is the cost of patent litigation in the US poses an existential threat to America's dominant position in tech.One of the most compelling arguments to me (against these patents) is that in pharmaceuticals, for example, you are dealing with a handful of patents. Some processes might be patented, maybe even some equipment (easily licensed generally) but basically the patents that go into a process (that may itself be patented) are minimal and can be reasonably well understood by those running such businesses.Posner pointed out that a smartphone may well contain (and violate) thousands of patents. That right there is a sure sign that something is rotten in the state of the patent system.The solution here isn't reform, as some suggest (ie raising the bar to what's patentable). It's simply to get rid of them. First-to-market and execution are what matters and what should matter. 20 year exclusives for vaguely worded patents on things that are more often than not obvious is just a means for big companies to extinguish smaller companies.