Senators blame sky-high drug prices on abuse of the patent system

https://lemmy.world/post/15702594

Senators blame sky-high drug prices on abuse of the patent system - Lemmy.World

Abuse is a feature.

The mere existence of patents is abuse, theft, and bald-faced corruption. Burn the system to the ground.

I invent something. Since there are no patents, my idea is put in the open. A big company sees my idea and uses its much bigger budget to advertise and out sell me, putting me out of business. How’s that not abusive?

Patents prevent theft. Patents on medicine based on publicly funded research is stupid. I could be persuaded that it’s theft in that particular instance. But in general, no patents are not theft.

Exactly. IP law is foundational to any functioning market economy. Reform == Delete
IP isn’t going to withstand generative AI, at least not in a recognizable form. I don’t know what that means for the market.