Why is stimulation of innovation even needed? We don't deny authors the rights to their books. We don't deny artists the rights to their paintings. An inventor is entitled to the rights to his invention solely because he created it.
There's not much use for patents when you can get cheap labor and underprice your competition. Now that Asia has opened up as a manufacturing center, companies like Jarden are shifting manufacturing operations there and pink-slipping their patent lawyers. Same deal in the 19th century, where the big companies didn't need the patent monopoly. they already WERE monopolies!
As far as "promoting innovation," I could care less. In my world a patent or copyright is to grant to someone what he has created, but if that's not good enough for you then why not take this collectivist theory further. It is well known that title to real-estate doesn't promote housing construction, so how about we take away all home ownership? In fact, let's not have ownership of anything? "Property is theft," right?
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