Fostering Innovation by Abolishing Patents

From Mass Pirate Wiki
(Redirected from Patents)
Jump to navigationJump to search

We seek the abolition of patents.

The patent system stifles innovation by making it difficult to incorporate an existing invention into a new one. It discourages researchers from sharing their new ideas until after a patent application. It prevents hundreds of thousands of people in poor countries from receiving the drugs they need. Currently pharmaceutical companies spend only 15% of their revenue on new drug research. The remaining 85% is spent on activities such as marketing and profit taking. A reformed system would dramatically increase the money available for innovation, while removing the obstacles to innovation posed by the current patent system.