Printing money unbacked by anything concrete
Summary: The EPO produces no actual assets; it grants monopolies -- a concept that fools like Battistelli and his 'tribe' are patently incapable of grasping (Battistelli was only introduced to this domain in his mid-fifties, in a country that is doing no patent examination)
THE USPTO is a quasi-Federal or government-tied agency. This means that excess funds can be released to the government and in times of trouble the government can increase the USPTO's budget. We wrote about this topic earlier this year.
Europe is different because a central European government is relatively new and Battistelli is so thick that he pretends
EPO (which predates the EU) is some kind of profitable business. Maybe he thinks "EPO" is also a ticker symbol in some stock market. It's just absurd. Among EPO workers who spent decades in the Office the common response is brow-raising or jaw-dropping. How could such a boorish man be put in charge of the Office? It's suicidal. It also
causes suicides. Battistelli is unwilling and unable to listen; he literally attacks messengers, quite viciously at times. He doesn't seem to understand that having power and monopoly to grant monopolies is not a business;
it's like being given a money-printing machine (an analogy that EPO insiders already use). Speaking of printing, it is well known that when it comes to 3D printing there was almost no innovation for a number of
decades purely because of patents. That's common knowledge by now. It was only
after these patents had expired that there was suddenly an explosion in usage and innovation. In some areas, as is widely accepted by honest scholars, patents actively depress innovation, prevent technology from coming to fruition in the market and so on. As
someone put it this week: "One thing that allowed the modern drone industry to innovate so fast is that most of the core patents were filed by aerospace companies back in the mid-twentieth century and have since expired. The quadcopter patent, for example, was filed in 1962..."
"Europe is different because a central European government is relatively new and Battistelli is so thick that he pretends EPO (which predates the EU) is some kind of profitable business."Yesterday IP Watch published "Patents Without Examination: A Bad Solution For The 21st Century" (no examinations means virtually no expenses, i.e. just a rubberstamp and an accounting department).
Well, someone ought to show this to Team Battistelli (at the EPO it's all about Battistelli and his INPI cronies, who barely grasp the notion of patent examination and its importance).
By passing all the work to courts, e.g. UPC (which would not happen, so other courts), Battistelli basically makes examiners redundant and passes billions in damages to the European economy. He is possibly Europe's most destructive person. His French Chief Economist is no economist but "his master's voice," judging by the puff pieces by (and about) him in the latest Gazette. If the EPO does not drive itself into bankruptcy, it almost certainly will drive many European firms into bankruptcy. ⬆
