|...an explosive legal problem...|
Major tech companies are buying big collections of patents not because they want to own the intellectual property but rather because they want the ability to respond to patent lawsuits with a lawsuit of their own. It’s like playing a game of thermo nuclear war. If all sides have “nuclear patents” they can respond to patent litigation with equal force. In other words, if you have enough “nucleur patents” no one will sue you for patent infringement because you have enough power to respond in kind. Its crazy and costing this country jobs.
Mark Cuban has to dance to make jobs...
Google just spent $900mm buying a patent collection. Other big companies are spending the same way. That is money that for many companies would have gone to job creation.
We need to face the facts, patent law is killing job creation.
so what is the other argument? without these patents the big companies would just take shit that was developed for years by the little guy. This would kill innovation... (though one could make a cynical argument that there is nothing new under the sun and that ideas like say a smart phone for example is simply too vague to protect. When innovation comes like for example when the car first started, there was no single person who created the concept. It took Henry Ford to develop a system of manufacturing, but he by no means came up with the idea of a car). Is there a happy balance? would legislation denying large companies from monopolizing ideas be possible? ( I don't have enough knowledge into intellectual property law to comment... but I will be thinking about it.) Certainly I'd like to see laws created that would allow intelligent discression from judges, but then again... I don't have a lot of confidence in judges to hold that kind of power... so there must not be power held by one single person to keep patent ownership in check. There must be checks and balances in the system. There has to be oversight... and then again the parties must also be able to work together. Certainly if a large company owns an idea pertaining to Apples then it becomes questionable as to intent if they start buying into markets that they have no interest in like Chickens. Mass Stock patent buying must be stopped.