Monday, June 05, 2006

In defense of patents

Apparently a lot of Libertarians are opposed to patents. How they can support unregulated capitalism and not patents is beyond me - capitalism requires innovation, and without temporary patents, innovation won't happen. (Temporary is the key word here.)

This is not to say I support the current, bloated patent system. Instead, I support a simple system by which those with an idea write it down, mail it to themselves, and leave the envelope sealed. This "postmark patent" proves that one person had the idea first. A set time should be established that that person has dominion over the idea, something shorter than the current 17 years, maybe 5 or 10 years. This would encourage a fast pace of innovation while providing rewards to those who innovate.

Besides, Ayn Rand liked patents. Come on, extremists, get with the program.


Blogger lenin said...

Good idea!

5:09 PM  

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