Intellectual Property may be an oxymoron when applied to ownership of public knowledge or invention. But isn't it valid when the knowledge or invention is private?
Patents are a trade with society: lose the protection of your private idea and we'll give you legal protection and financial reward for a limited period.
It sounds like a reasonable idea for a (capitalist) society to embrace.
Now why exactly you would want to make that trade is where things seem to get very sticky. Especially if the patent system is abused, unbalanced, unfair.
Intellectual Property may be an oxymoron when applied to ownership of public knowledge or invention. But isn't it valid when the knowledge or invention is private?
Patents are a trade with society: lose the protection of your private idea and we'll give you legal protection and financial reward for a limited period.
It sounds like a reasonable idea for a (capitalist) society to embrace.
Now why exactly you would want to make that trade is where things seem to get very sticky. Especially if the patent system is abused, unbalanced, unfair.