US Patent Regime Is Absurd

An anonymous reader writes in with an opinion piece in the Economist about the the effects of patent trolling on the US economy. The author argues that the U.S. patent regime is causing the U.S. essentially to harm itself. Things have gotten so bad that paying for protection is par for the course.

Comments

It can be fixed

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The solutions are simple, but not easy, for political reasons. End software and genetic patents, reduce the length of remaining valid patents. It's clear that the vast majority of businesses that have a stake in producing imaginary property wish for nothing to ever enter the public domain ever again--these same corporations are also the most effective lobbyists in the debate and have controlled the message for years, or decades depending on which specific industry you look at.