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1. sytelu+(OP)[view] [source] 2014-06-13 03:37:08
There are almost no instances where patents turned out to be good for community. Wright Brothers stifled all competition by patent litigation causing US to be lightyears behind airplane tech. Edison similarly stifled lighbulb development causing Americans to pay for bad quality at higher prices than European counterparts. Steve Jobs tried to extinguish smartphone revolution causing funny things like removal of fairly generic features like pinch and zoom.

One would argue that they might not have been encouraged to invent these stuff if there were no patents. Even if that was true, the fact is that they had already ammassed massive fortunes even before they started patent wars. One would expect these visionary geniuses to let go patents in interest of advancing the state of art after they have gotten more money than they know how to reasonably spend. Elon Musk is the only one doing this here on the top of risking everything on fields that few entrepreneurs would dare. Hats off to him.

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