10 min
Patents constrain value creation Value Flow
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- Technology
Patents are a ticket to use government violence to prevent others from creating value with their property. Literally restricting them from using what they own in certain forms. An idea for value creation is a very small part of creating value. Building and managing the systems necessary to do so is the majority of the difficulty. Therefore patents actually incentivise people to do the easy part of value creation then execute horribly on the difficult part as there's no competition. Holding us all back from getting the best products/services possible.
Patents are a ticket to use government violence to prevent others from creating value with their property. Literally restricting them from using what they own in certain forms. An idea for value creation is a very small part of creating value. Building and managing the systems necessary to do so is the majority of the difficulty. Therefore patents actually incentivise people to do the easy part of value creation then execute horribly on the difficult part as there's no competition. Holding us all back from getting the best products/services possible.
10 min