In general, we should want good ideas to be copied. If you’ve got a Samsung phone, be grateful that the engineers at Apple helped design the dialer. Yes, inventors need incentives to invent. They need to know that their ideas can make them money and that building something brilliant can make them rich. And in some industries—particularly ones, like pharma, with huge research costs—you do need strong patent protection. But technology doesn’t work like drug development. The industry evolves quickly, and you need to try to be first, whether you get patent protection or not. Enforcing patents can help you lock in profits; but patents won’t change your approach to research.
← Previous • Next →