Infographic: The Problem With Patents

What was started as a means to protect interests of innovators and prevent the copycats from ripping off and benefitting from others’ innovations, has turned in to a problem. This infographic below highlights just that.

Problem with Patents

Now, I think the problems can be solved pretty easily – prevent companies from buying others’ patents, make sure to yank out the companies/organisations which hoard patents and use them to just sue others and not use them commercially. There may be other issues too, but these two solutions come to my mind. Shoot you suggestions as well!

via FrugalDad