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USPTO New Accelerated Review Process
Intron writes "Perhaps you have been lying awake worrying that your software patent on bubble sort might spend too much time being "examined" or "peer reviewed". You will be pleased to know that the US Patent and Trademark Office has launched their accelerated review process. "Applicants' submissions enjoy a presumption of patentability" says the patent office. Applicants are also responsible for disclosing any prior art."
We really need a comprehensive examination of the effect that patents have on the distribution of resources within large corporations. I suspect it may turn up some interesting results.
We need to keep in mind that every dollar that goes to the lawyers who handle patent-related matters is one less dollar going towards the scientist and engineers responsible for research and development. And as we all know, it's the R&D that really has an impact on the world. It's this R&D that brings us the new products, techniques, practices and knowledge that help improve our lives, as well as better our use of our current resources.
On the other hand, the legal departments of most corporations generates little, if anything, in tangible wealth. They're mostly just a shield against the legal departments of other competing corporations. IP-based lawsuits tend to be nothing more than a cycle of nonproductivity. The engineers and scientists develop practical knowledge, only to have the lawyers fight endlessly over who "owns" this knowledge, all while consuming huge amounts of resources.
If the money that went to fight these pointless IP battles instead went to the R&D department, we'd likely see a great increase in the development of new technology. In the biomedical field, for instance, this could potentially lead to the creation of treatments for a wide variety of ailments. Now compare the benefit of such development to that offered by the lawyers. What we'll find is that the medical developments will offer a real benefit, while the legal developments will be little more than useless boxes full of paper.
Economists often claim that patents are necessary to ensure innovation. But I think these same economists are overlooking the extensive benefit that could arise were resources not wasted on petty legal battles over these patents, but instead directed towards more productive uses.