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It would be an interesting experiment - a world where no patents exist, only production (though corporate espionage / theft is still illegal). Some argue that this will effectively kill R&D, because the second you've created something - others would start reverse engineering, and copy the product. In some areas, like pharma, R&D is notoriously expensive, and the pharma companies have only that many years to recoup all that cost, before their patent runs out. Would it lead to more money spent on making reverse engineering difficult? Both the products, and the manufacturing process. |
Patents are a two-way street where society gets something in exchange for granting a limited-duration monopoly.