SHIELD Act Targeting Patent Trolls Re-Introduced; It's A Step In The Right Direction, But Just A Small One
from the need-more dept
As expected, the SHIELD Act, which would allow those sued by patent trolls over bogus patents to seek legal fees, has been reintroduced in Congress. As I said when the bill was originally introduced, I think it's a good thing, though just a very, very small step towards dealing with the larger problems of the patent system. I signed onto a letter from EFF and Engine Advocacy in support of the bill, but really wish we could go much further in reforming the system. Unfortunately, the story coming out of Congress is that while there may be some interest in this bill (and it's not clear if it's enough to pass), there is zero appetite for any additional changes. That's unfortunate.The patent system today is a massive economic sinkhole. It is not contributing to innovation. It is not encouraging innovation. It is actively hindering it. Yes, it is making some patent lawyers very, very wealthy, and they don't want that to stop. But it is doing nothing to help the broader economy. That we can't even seem to take a serious look at what the patent system is doing to the innovation economy is really unfortunate.
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Filed Under: loser pays, patent trolling, patents, shield act
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You're just playing whack-a-mole on part of HUGE problem,
Since the ways of stealing are so varied, it's a waste of time to try and block each one; however, it's easy to spot unearned income and confiscate it. -- That used to be the purpose of the "income tax", it was precisely and ONLY on UNEARNED INCOME, not wages. Of course, The Rich soon found ways to extend it to everyone so that general revenues from taxpayers flow into their pockets, not to the common good. -- We can't avoid whack-a-mole to keep up with their tricks, but must ALWAYS bear in mind that The Rich are thieves.
The Rich are those who excel at LACK of conscience with just enough smarts to "innovate" new methods of re-distributing wealth to themselves.
(YET there's a huge difference between those who GET rich by trading and those who steal -- meaning get unearned income -- and even worse are those Born Rich. I'm not against people becoming reasonably rich by fair trading, but soon as you admit that traders are a tiny portion of The Rich you'll see the problem with anyone inheriting huge "fortunes" of paper: it's nearly feudal entitlement.)
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Re: You're just playing whack-a-mole on part of HUGE problem,
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Re: Re: You're just playing whack-a-mole on part of HUGE problem,
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FTFY
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Re:
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Whack-a-mole is one of my favorite games IRL. Its normal for problems to just pop up requiring the occasional whack. However how does one recognize the manufactured artificial problem? More importantly how do we deal with such a problem?
At the moment the patent system is (only) corrupt and does not even approach the corruption that the copyright system (which I think should be abolished) has attained. The shild-act would be the small step in the right direction you suggest.
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Re:
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more dissembling by Masnick
For the truth, please see http://www.truereform.piausa.org/
https://www.facebook.com/pi.ausa.5
http://piausa.wordpress.com/
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Your comments are entirely unsupported (as usual)
We are asked by you, a man with NO DEEP KNOWLEDGE of the inventive process, with noting more then the complaints of some of your drinking buddies in the valley, behind your whine to believe your utterances should influence the law of the land.
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Re: Your comments are entirely unsupported (as usual)
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Write
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a) Have no idea how much damage patent trolls are causing the economy, and so are unfit for their positions for failing to become knowledgeable on such an important topic.
or
b) Don't care how much damage is being caused due to self-interest, and so are also unfit for their positions.
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