When You Give People (or Companies) Money to Buy Your Own Products and Then Call It "Revenue"
How to build a pyramid scheme (financing of oneself in a loop):
In the context of patents, what the patent offices call "products" is never a "product". They give things like search reports (i.e. a service) or a monopoly of some kind. Monopolies aren't products, just like a "driver's licence" is not a product and passports aren't products.
In the context of technology, accounting fraud has been normalised (increasingly so in recent years) and the new economy seems more like a pyramid scheme than a real economy with authentic circulation of money (as opposed to circular financing, wherein companies become their own biggest clients to drive up numbers artificially).
None of these things can end well. If we grant millions of monopolies (patents), we won't be improving the economy. If companies declare "growth" by buying from themselves, then it's not growth, it's a scam based on fictional currencies and rogue financing. Yesterday we started a New Series - "A Tale of Two Antónios".
The 'cocaine king' is misleading top European officials by telling them "how to further strengthen support for innovation in Europe" by granting more monopolies and "align on the future of European innovation".
Obviously innovation isn't patents. As one reader put it, for other readers it is "very important to not let the crooked EPO management conflate or confuse innovation with patents."
"Time to dig out all the studies which show how much patents (especially software patents) impede innovation," said this reader. We shall do so in the coming days, even "repeatedly, for emphasis".
A lot of modern "economics" don't benefit ordinary people (all they get is high inflation rates); they're devaluing money by faking economic activity. █
4 days ago: The NVIDIA Tax: The Tax You’re Paying on a Chip You Never Bought