Monday, May 12, 2014

Kappos ridicules idea that "patent system is broken"

David Kappos, a senior adviser for the Partnership for American Innovation, has a column in the Detroit Free-Press
which includes:

The same anecdotes and flawed studies are trotted out time and again to the delight of those who wish to substantially restrict the patent rights of operating companies in favor of their own narrow business interests. What these sound bites don’t tell you is that the cost of reducing or eliminating the incentives for innovation would be devastating for nearly all sectors of the U.S. economy. Worse, it could make slow growth permanent by ceding our position as a global high-tech leader to foreign competitors.



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