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by mikevm 4694 days ago
It also drives innovation.
2 comments

Quite the contrary in my experience, capitalism typically restrains innovation. Patent trolls are just one of many examples.

Not saying I've got a better idea than capitalism, but I wouldn't consider it ideal.

Patents are only possible through government regulation. Without the government's interference, there would be no such concept. Pure capitalism has no patents.
Even with Patent trolls and week patents, patents still allow companies to license innovative technology rather than hide it away for fear of copying (ala qualcomm)

Patents are a good idea, it's the current implementation that sucks

It's the worst system we know of, except for all the others.
It may be a factor on slow improvement, but true innovation comes from the passionate minds of geniuses.