Posts Tagged: "weak patents"

Weak Chinese Patent Applications and China’s Burgeoning Patent System

Bloomberg recently published an article providing data analysis on Chinese patent applications to claim that, while China receives more patent applications than any country, “most are worthless.” If you were trying to usher in a culture change, moving from no patent system just a few decades ago to a thriving and high functioning patent system, you would look to incentivize your own citizens and corporations to file patent applications. That is precisely what China has done and is continuing to do. Thus, the mantra about Chinese patent applications being worthless, or nothing of a concern because they are overwhelmingly only filed in China, completely misses the enormity of the change taking place in China, and why it bodes well for the Chinese moving forward.

The Supreme Crusade to Weaken Patent Rights in America

Over the years the Supreme Court has reached many controversial decisions, but in the patent space they have made statements that demonstrate just how incompetent they are to render decisions in this vitally important area to our national economy. While the Supreme Court has ruled that a pH of 5 is equivalent to a pH of 6, that is simply false; pH is logarithmic. The Supreme Court has also ruled that manganese is equivalent to magnesium, which is also not true. The Supreme Court has ruled that isolated DNA exists in nature, which it doesn’t. But with each new, ridiculous decision that proves they are out of their depth we just live with the consequences as if what they say is visionary.

Hakuna Matada Isn’t a Strategy for Paradigm Shifting Innovation

Wouldn’t it be a great world if people innovated for the sake of innovating, spending every waking moment in the pursuit of solutions and inventions that would better mankind? Wouldn’t it be a great world if investors, the top 1% and the richest corporations would invest hundreds of millions of dollars, even multiple billions of dollars, and fund the many years of arduous work from large teams of scientists and engineers necessary to achieve paradigm shifting innovation? In such an idealized world innovation would happen just because— well because it would just happen. But that isn’t a patent strategy, or a national innovation strategy either.

Obama’s Anti-Patent Bias Led to the Destruction of His Legacy

Barack Obama came to office with the suspicion that patents caused higher prices and created market inefficiencies. He set a mission to disassemble the patent system, which culminated in the America Invents Act… Obama supplied power to the market incumbents, thereby fortifying their monopoly power, while depriving market entrants of critical tools. By strengthening incumbents and their industrial oligopolies, he harmed competition from market entrants, policies that generated the slowest growth in history.

Inventors Protest California Congressman Darrell Issa

In my 54 years, I’ve never protested anything. I’ve complained to my friends and family and sometimes to a few unfortunate strangers. So this has been the first time publicly protesting anything for me… Darrell Issa was a cosponsor and a major political driver of this startup killing legislation, which is why inventors are going to his events to educate him and his potential voters. Issa’s race is very close with some polls showing him down by several points. His competitor believes in strong patents. This draws a clear distinction between the candidates and inventors and startups in California’s 49th district want to be represented by someone who will preserve their rights, and their companies.