Patents and Solutions

Aaron - - 3 mins read
What’s wrong with the patent system and what are the solutions ~ me Problem: The patent system, while intended to encourage innovation, faces some criticisms: **Blocking Innovation:** Sometimes patents can hinder progress. If a key invention is patented, it can make it difficult or expensive for others to build upon it or create new products. This can stifle further innovation ([https://en.wikipedia.org/wiki/Patent](https://en.wikipedia.org/wiki/Patent)). **Cost and Complexity:** Patents can be expensive and time-consuming to obtain, especially for small businesses and individual inventors.