Must read. I couldn’t say it much better!
Originally posted on blog maverick:
Anyone who reads this blog knows how much I hate patent laws. I think 99pct of the time they are anti-competitive, corruptive, impede creativity and innovation and can kill small businesses. I think the ratio of patent law doing a good job protecting company IP vs it being used purely to negatively impact competitors or to troll for un-earned revenue is probably 1000 to 1, or worse.
When I read that Yahoo was suing Facebook my immediate reaction was disdain. As I thought more about it, I came to realize that this case could be the water shed moment that causes enough people to recognize just how horrific our patent law is.
I am not saying that there is zero value to patents. There are plenty of examples out of the however many patents that have been issued where the patent was put to legitimate use to protect a company from a large predator. It’s the law of big numbers. When there are enough of anything issued, some good will be done. Look at the patent that some individual has for a BCS Playoff System. Im sure he was the first one to think of it and of course he should be protected from the BCS. Does patent law get any better than this?