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by chris_wot 4379 days ago
I don't see a problem here. If a patent is granted for the cure for cancer, then the products will most likely be very expensive because you have a monopoly on the cure. Poor people will not be able to buy the cure, so how has that helped them?
1 comments

I think that's missing the point again. The point of a patent is so that the underlying technology is public. A patent system in fact does exactly what you suggest, which is to create a monopoly for a certain period of time so that the inventor can profit. But the existence of a patent implies that the formula for the cancer drug is out, and so other companies can use that to potentially create better versions or apply it to other areas.
In reality, what would happen without a patent is that someone would investigate the cure, work out how it is done, then make it better.