If we didn't have the patent system and I develop an idea/invention. Once I tried to bring it to market, if it was a good idea, people with the capital would step and take it over, making my time/effort to develop the idea wasted. At least with the patent system the person with the patent has an incentive to develop it.
Patent monopolies are neccesary to develop the inventions!
If we didn't have the patent system and I develop an idea/invention. Once I tried to bring it to market, if it was a good idea, people with the capital would step and take it over, making my time/effort to develop the idea wasted. At least with the patent system the person with the patent has an incentive to develop it.