Creating virtual wealth. Remember Bill Gates ranting about the patent system when he was younger and Microsoft was a lot smaller. Now he makes billions out of various patents, including Monsanto's, and he pays virtually no tax.
ACCORDING TO this dubious new chart from IAM, it's not IBM but Google that supposedly leads based on some patent criteria. This is not a cause for celebration but a cause for alarm as over half a decade ago Google was somewhat of a patents antagonist and I spoke to relatively high-level managers at Google about it. Basically, Google erroneously made the choice to waste time and effort on patenting rather than fight an unjust system that had increasingly ganged up against Google.
"If Google starts to nosedive (no company lasts forever, not even with government subsidies) sooner than the expiry (lifetime) of these patents, then there's potential of selling/auctioning patents to patent trolls or attacking directly, as infamously IBM does."Manny Schecter, who is in charge of patents at IBM, does not hide the company's real intentions, lobbying for software patents, and even the lobbyists (people like David Kappos, who came from IBM). He's quite reckless from a marketing point of view. "We should neither deny that the patent system promotes innovation overall and that abuse of it should be properly curbed," he wrote the other day at Twitter. What about the patent abuse by IBM (Schecter's department), which uses software patents against small companies? What does that tell us about OIN?
The FFII's President responded to Schecter with ""promotes innovation" should be replaced by "promotes litigation". Innovation cannot exist without any quantification." As I put it across to both, the patent system was created to incentivise dissemination (publication), not to provide a litigation sledgehammer for billionaires to whack inventors.
Sadly, Google is now part of this whole 'patent cartel', as one might be tempted to call it. Google is not aggressive (at least not yet), but time will tell what happens with these patents. If Google starts to nosedive (no company lasts forever, not even with government subsidies) sooner than the expiry (lifetime) of these patents, then there's potential of selling/auctioning patents to patent trolls or attacking directly, as infamously IBM does. ⬆