[sspiff]

rayiner wasn't talking about software. Software companies have an easy time "producing" their products. It's much harder in the hardware sector or when you invent car technology. Getting into those markets is expensive. Forging a deal with a car manufacturer, for instance, would put you in an extremely weak negotiating position. Patents give you some leverage and a defense mechanism when they go and use it without your permission.

So I also think ARM is a valid example of companies that wouldn't be alive if not for the patent system.

All that said, I'm not in favor of patents at all. Thinking of something should not give you ownership over a broad concept. Information should be shared freely, to improve upon and so everyone can enjoy the invention.