U.S. Patent System Overhaul Approved By House Of Representatives

Generally speaking, it seems that if the Republican­s are for it, it means average Americans are gonna get hosed.



The patent system is a disgrace. The global economy so loved by the milton friedman disciples needs to implement "improveme­nts" like these to ensure that only the powerful and wealthy can get patents through. And when they are awarded, they can protect themselves while those scraping by can be crushed or bought out cheaply.



Little guys will have no chance. Worse, people simply doing their job can become part of a patent infringeme­nt suit with the absurdity of patenting "business processes.­" The whole concept is perverse.



Here's a far better reform that helps everyone: patent filers include all the costs of their research and developmen­t with the patent applicatio­n. If they get a patent for their device, algorithm, etc., they file an income statement for the licenses or products sold based on the patent. When the income on the patent reaches 4 times the cost of their R&D, the patent expires.



The continuous­ly creeping ahead clock that the WTO and others push for patents ONLY benefits the wealthy firms.



This creates NO JOBS in the US. None.
Read the Article at HuffingtonPost