commanderFirm quietly boosts H.264 streaming license fees from $100,000 up to staggering $4.5 million — backbone codec of the internet gets meteoric increase, AVC hikes follow disastrous H.265 licensing increa
Figures. Patents are the backbone of capitalism. Some say it invented capitalism as we know it.
Patents are a (relatively speaking) newfangled trick to turn ideas into legal “capital.” In the same way that a corporation “is” a person.
The backbone of capitalism? I’m not following that.
Patents are a way to spread knowledge, whole still offering some [time limited] protections. Before them, trade secrets were the norm, and way too much knowledge was lost with it’s creators.