Comment Re:It is time.... (Score 1) 377
I you're suggesting to only to delete software patents. In my opinion, computer usage inspires innovation in software. You want to do something new, you can create a new program for it.
However, in the pharmaceutical or other industries, there's a much larger risk involved in development. Products take hundreds of millions of dollars to pay for R&D and then more to get through processes like FDA approval. The only thing that allows corporations to recover their losses is the profit they can make by being the sole producer.
Removing patents in all industries would have a catastrophic effect on the development of many new technologies.