Comments by "Persona" (@ArawnOfAnnwn) on "Why PATENTS are a BIG ECONOMIC PROBLEM - VisualEconomik EN" video.

  1. Err...did you even watch the video? They literally talk about this argument in it.
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  2. ​ @me0101001000  All patent filings should be required to include a thorough assessment of costs, and then patent protection is awarded for an amount sufficient to recoup said cost plus some small return (say 15% above the cost recoup), after which the protection immediately expires. This way, it's the market that determines the length of the patent, rather than the govt. A hit product will recoup its investment almost immediately, while a dud will have more time to try to make its money back (subject to a maximum period far shorter than current patents go so you don't want to intentionally make duds). In order to prevent misreporting and fakery, the development costs will be cross-checked with the firms' accounts sent to tax authorities, with HEAVY fines for attempts to claim a higher amount than it actually cost to develop. The idea is that by the time the patent expires, you're no longer behind in terms of investment and in fact ahead of your new competitors due to being the first mover.
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