Patents have been a topic of debate for as long as they have existed. While the market exclusivity provided by a patent creates incentives for inventors, legitimate concerns exist about the potential for patents to become a tool for collecting monopoly rents. Finding the correct balance between monopoly and innovation can be challenging; patent reform should focus on improving the quality of patents as well as improving the ability to remove low-quality patents from the system. This reduces the possibility of patent abuse while ensuring that patents reward real innovation.
Press release: Making Patents Work 
Image credit: Tierney
- “Making Patents Work”: https://www.rstreet.org/2022/11/30/68461/