The USPTO fails to protect US citizens against theft by unethical patentors of existing or obvious ideas.
People who don't like markets love to talk about "market failure". I wish they were as quick to recognize government failures. If the government isn't supposed to protect us from crooks, what are they supposed to do? In this case, the government is enabling crimes rather than preventing them. An absence of a patent system would be better than what we have now.
posted at: 20:01 | path: /economics | permanent link to this entry