I am always disappointed to see the usual attacks on the patent system. We have underfunded the Patent office, ignored the system and its requirements for so long it developed warts.
From both a societal and an investing perspective, it is important to protect Intellectual Property rights. We want to encourage entrepreneurs and innovators to create and invent, and protect them from those who would simply steal their inventions.
Regardless, here is a healthy critique of what is wrong with the patent system — in particular, I am concerned about the patent warehouses:
Full size infographic after the jump
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.