Question
Why donrsquot we dump all patent laws all around the world and stop restraining creativity and innovation?
This question was asked at the Dropping Knowledge event on th September by Etienne Savard, , Beloeil, Quebec, Canada. To find out more about Dropping Knowledge check out our blog
Answer
People act because there is incentive. While some may create wonderful contraptions to excercise their imagination, they would not have time to do so if it could not be profitable. They would be spending all their time working a job because, without patent laws, inventions would not bring profit. It is the very ability to sell an invention or innovation and make a profit which prompts innovation and invention. Without patent laws, any invention would instantly be copied by many people which would mean the original inventor would not make the profit, but whoever could afford mass scale advertising would make the profit while the inventor would suffer in silence. Patents and copyrights enable creativity and innovation.
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