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The Problem With Patents

Posted By Barry Ritholtz On January 7, 2012 @ 7:35 am In Digital Media,Intellectual Property | Comments Disabled

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:

click for complete graphic
[1]

Full size infographic after the jump

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patents infographic [2]

Source: http://frugaldad.com [3]


Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2012/01/the-problem-with-patents/

URLs in this post:

[1] Image: http://www.ritholtz.com/blog/2012/01/the-problem-with-patents/#more-74570

[2] Image: http://frugaldad.com/patents/

[3] http://frugaldad.com: http://frugaldad.com

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