The Case for Abolishing Patents (Yes, All of Them)

The Atlantic has a very interesting article with the title The Case for Abolishing Patents (Yes, All of Them):

Our patent system is a mess. It’s a fount of expensive litigation that allows aging companies to linger around by bullying their more innovative competitors in court.

Critics have suggested plenty of reasonable reforms, from eliminating software patents to clamping down on ”trolls” who buy up patent portfolios only so they can file lawsuits. But do we need a more radical solution? Would we be possibly be better off without any patents at all?

That’s the striking suggestion from a Federal Reserve Bank of St. Louis working paper by Michele Boldrin and David Levine, professors at Washington University in St. Louis who argue that any patent system, no matter how well conceived, is bound to devolve into the kind of quagmire we’re dealing with today.

Read more at The Atlantic

It is very nice to hear some other voices than just us Pirates suggesting this.