What I'm saying in it doesn't matter what the patent troll companies book as revenue. That's just the wealth transfer.
Wealth transfer is not necessarily value creation. This is obvious, because if we all pay everyone else on the planet $100 a day we don't magically have an econmy worth $1.3 × 10^24.
Wealth transfer often destroys value. Wealth unjustly taken away from value creators becomes a disincentive to produce.
You have to look at wealth creation. Are the patents involved in litigation honest to god inventions that made the world a better place? Wealth was created. Eg, the first retrovirus medication.
Are the patents involved non inventions that were of no use, but are broad enough that patent trolls can, without merit, start seeking rent on products from companies they no part in creating? No wealth was created. Eg Lodsys.
In general, different segments of HN disagree over which patents fall into which categories, but the vast majority agree, myself included, that software patents basically all fall in bucket #2.
This is my last reply to you, as I'm pretty sure by now that you're just trolling, and HN doesn't need to be polluted with this thread.
Wealth transfer is not necessarily value creation. This is obvious, because if we all pay everyone else on the planet $100 a day we don't magically have an econmy worth $1.3 × 10^24.
Wealth transfer often destroys value. Wealth unjustly taken away from value creators becomes a disincentive to produce.
You have to look at wealth creation. Are the patents involved in litigation honest to god inventions that made the world a better place? Wealth was created. Eg, the first retrovirus medication.
Are the patents involved non inventions that were of no use, but are broad enough that patent trolls can, without merit, start seeking rent on products from companies they no part in creating? No wealth was created. Eg Lodsys.
In general, different segments of HN disagree over which patents fall into which categories, but the vast majority agree, myself included, that software patents basically all fall in bucket #2.
This is my last reply to you, as I'm pretty sure by now that you're just trolling, and HN doesn't need to be polluted with this thread.