Need for change
The current regime of Patents and licences is highly deterrent for new entrants. If you consider the entire humanity as an organic unit then all the economical policies should be created in such a way that benefits to all the humanity. It needs a certain kind of elevated intelligence or enlightenment to understand this concept. The effects of allowing patents can be seen in the example of AC Vs DC wars in the US in 1880-90. It started with Edisons discovery of electric bulbs, and then several inventions he made. We all know that. But the sinister part of this seemingly altruistic scientific landscape was the patenting part. We allowed the inventor to decide on the use of the invention in a way he deemed it fit. We see that in the conflict between Edison and Tesla promoting their own patented electricity distribution mechanisms in the US. In my opinion, giving an inventor exclusive rights to decide how his invention should be used by the rest of the mankind is inefficient an...