
Originally Posted by
justsumdood
In the 18th Century, when the Founding Fathers established the United States, communications and distribution of a good were slow. The Founding Fathers felt 7 years was an adequate amount of time for an inventor/investor to recover their development costs and possibly ("POSSIBLY", mind you, not guarantee) make some profit. Fast forward to the 21st Century: communications are near instant, the time to distribute a good has decreased significantly, and patent terms have been extended. Extended. In a world where recovery of the development costs is also significantly reduced and a company CAN make a profit. Excessive profits even. Extending patent protection was not the answer, since now, instead of promoting the arts and sciences, patents now hinder said progress.
The correct solution should have been to decrease patent terms to 3 to 3.5 years: a suitable amount of time to recover costs and make a profit. Patents in the 21st Century are used as a means to lock others out of a market and stifle competitors(or at least make attempts to: see the recent Apple suits against everyone in the mobile computing device space). As it stands, when most patents expire nowadays, the technology/concept it covered has long since been abandoned by consumers, making the technology/concept worthless, except for any historical value it may hold. Think about it: what company in their right mind would now build a cellphone crammed full of tech from 1994? Consumers will say "Oh! How quaint! an antique cellphone!" and pass it on by.....
I don't feel abolishing patents completely is the answer(except software patents: software evolves too fast to be hindered by patents). Again, as I stated before: patent terms need to be reduced, not extended.