“patent reform that President Barack Obama has hailed as an economic booster”
Obama is grossly mistaken.
“patent reform”
Just because they call it “reform” doesn’t mean it is.
The patent bill is nothing less than another monumental federal giveaway for banks, huge multinationals, and China and an off shoring job killing nightmare for America. Even the leading patent expert in China has stated the bill will help them steal our inventions. Who are the supporters of this bill working for??
Patent reform is a fraud on America. This bill will not do what they claim it will. What it will do is help large multinational corporations maintain their monopolies by robbing and killing their small entity and startup competitors (so it will do exactly what the large multinationals paid for) and with them the jobs they would have created. The bill will make it harder and more expensive for small firms to get and enforce their patents. Without patents we cant get funded. Yet small entities create the lion’s share of new jobs. According to recent studies by the Kauffman Foundation and economists at the U.S. Census Bureau, “startups aren’t everything when it comes to job growth. They’re the only thing.” This bill is a wholesale slaughter of US jobs. Those wishing to help in the fight to defeat this bill should contact us as below.
Small entities and inventors have been given far too little voice on this bill when one considers that they rely far more heavily on the patent system than do large firms who can control their markets by their size alone. The smaller the firm, the more they rely on patents -especially startups and individual inventors.
Patents are a drain on our productivity, innovation, competitiveness and thus a drain on our overall economy.
It is important to state what a patent is. A patent is the use of force by the state in order to enforce a government-granted monopoly on an idea.
Patents exist, in theory, because they “foster innovation.” The thinking is that an inventor should be rewarded for their invention with a period where they and they alone should have the “right” to that idea.
The current reality of the patent system has been one that creates substantial barriers to innovation and robs our economy of capital put to productive uses. Take Google’s acquisition of Motorola, by all accounts an acquisition driven largely by M’s patent portfolio. That is billions of dollars Google could have otherwise put to productive use.
The very fact that Google spend more than ten billion dollars to buy a suit of armor against potential patent litigation should be a wake up call to us all. Anyone paying attention knows that the patent system is ‘patently’ broken :::ducks:::
The other problem is the rampant approval of vague or inappropriate patents, business model patents, software patents, genetic patents, etc. Do you know there are companies that own the rights to sequences present naturally in your DNA? And own the “idea” for certain medical diagnostic tests such as a test for breast cancer? And own the “idea” for seeds of plants found in nature like corn and soybean?
It’s insanity. But the lawyers are making way too much money for it to stop. It’s no wonder 75% of my old friends and classmates now have JDs. That’s not even an exaggeration, sadly.
Also w/ our current system good luck with any start up tech company. When any anonymous non-practicing entity (aka “Patent Troll”) can come along and demand billions in damages for some vague and common sense idea it creates far too much risk.
“patent reform that President Barack Obama has hailed as an economic booster”
Obama is grossly mistaken.
“patent reform”
Just because they call it “reform” doesn’t mean it is.
The patent bill is nothing less than another monumental federal giveaway for banks, huge multinationals, and China and an off shoring job killing nightmare for America. Even the leading patent expert in China has stated the bill will help them steal our inventions. Who are the supporters of this bill working for??
Patent reform is a fraud on America. This bill will not do what they claim it will. What it will do is help large multinational corporations maintain their monopolies by robbing and killing their small entity and startup competitors (so it will do exactly what the large multinationals paid for) and with them the jobs they would have created. The bill will make it harder and more expensive for small firms to get and enforce their patents. Without patents we cant get funded. Yet small entities create the lion’s share of new jobs. According to recent studies by the Kauffman Foundation and economists at the U.S. Census Bureau, “startups aren’t everything when it comes to job growth. They’re the only thing.” This bill is a wholesale slaughter of US jobs. Those wishing to help in the fight to defeat this bill should contact us as below.
Small entities and inventors have been given far too little voice on this bill when one considers that they rely far more heavily on the patent system than do large firms who can control their markets by their size alone. The smaller the firm, the more they rely on patents -especially startups and individual inventors.
Please see http://truereform.piausa.org/default.html for a different/opposing view on patent reform.
http://docs.piausa.org/
Patents are a drain on our productivity, innovation, competitiveness and thus a drain on our overall economy.
It is important to state what a patent is. A patent is the use of force by the state in order to enforce a government-granted monopoly on an idea.
Patents exist, in theory, because they “foster innovation.” The thinking is that an inventor should be rewarded for their invention with a period where they and they alone should have the “right” to that idea.
The current reality of the patent system has been one that creates substantial barriers to innovation and robs our economy of capital put to productive uses. Take Google’s acquisition of Motorola, by all accounts an acquisition driven largely by M’s patent portfolio. That is billions of dollars Google could have otherwise put to productive use.
The very fact that Google spend more than ten billion dollars to buy a suit of armor against potential patent litigation should be a wake up call to us all. Anyone paying attention knows that the patent system is ‘patently’ broken :::ducks:::
The other problem is the rampant approval of vague or inappropriate patents, business model patents, software patents, genetic patents, etc. Do you know there are companies that own the rights to sequences present naturally in your DNA? And own the “idea” for certain medical diagnostic tests such as a test for breast cancer? And own the “idea” for seeds of plants found in nature like corn and soybean?
It’s insanity. But the lawyers are making way too much money for it to stop. It’s no wonder 75% of my old friends and classmates now have JDs. That’s not even an exaggeration, sadly.
Also w/ our current system good luck with any start up tech company. When any anonymous non-practicing entity (aka “Patent Troll”) can come along and demand billions in damages for some vague and common sense idea it creates far too much risk.