Monday October 1st, 2012
Another Call For Abolishing Patents, This One From the St. Louis Fed (Slashdot)
'...strong patent systems retard innovation with many negative side-effects. ... the political demand for stronger patent protection comes from old and stagnant industries and firms, not from new and innovative ones. Hence the best solution is to abolish patents entirely through strong constitutional measures and to find other legislative instruments, less open to lobbying and rent-seeking.'