Comment Re:Yay! (Score 2) 99
It seems to me that if an independent research lab can invent the building blocks of the modern PC and not profit from it, than clearly a large corporation with limitless resources and pressured by a competitive market can innovate without the need of a patent system. The innovation was "stolen" by the competition ? Great, work on getting it cheaper, or work on the next big thing, without a comfy patent that can neuter the competition. So how about we ditch this patent system altogether ?
I'm not saying Xerox PARC does not deserve to profit from it's creations - they certainly deserve it much more than the patent trolls. I'm saying that if they XP can sustain a high level of innovation without proportional compensation, that's a clear argument against the need for profitable patents as a method for of stimulating innovation. The economic cost of the patent system is higher than the value it delivers through innovation: XP was able to deliver phenomenal results with limited compensation.
One one hand profitable patents are not necessary for innovation as explained above, and on the other hand patents are frequently harmful to innovation: patent trolls, preventing the competition from building on your invention etc.