Anyone who knows me personally can attest to the fact that I have about 300 different career paths in mind. Thing is, it likely means that I’ll be diving headlong into whatever I choose to undertake first. One option has been to work as an intellectual property/patent attorney. I will admit that I do not know nearly enough about what kind of work life that means, at least for now, but there are a few reasons why I have acquired an interest in this field. Without going into too much detail, the advancement of knowledge, tools, and social well-being mean a lot to me.
On one end, I am a firm believer in assuring that an inventor is compensated for coming up with their ideas, to encourage others to follow suit. However, on the other, this doesn’t seem to work well in today’s applications. Patents are mostly used by large companies who create products similar to competitors, and just want to avoid being sued because in order to make product “X 2.2″, and the competitor has the patent to “X 2.0″, they’re screwed. So they’ll patent their own “Y 2.0″ first, before making the improvement. It’s ridiculous.
I don’t agree with our culture of senseless lawsuits, that are just a means of secondary income. I am a firm believer in the potential of open source projects, like Wikipedia, BOINC projects (where you “use the idle time on your computer to cure diseases, study global warming, discover pulsars, and do many other types of scientific research”), and Linux, just to name a few. I think that people are very willing to do great things without financial incentive when motivated in certain ways. Now I have a bunch of these ideas swirling in my head, I want to figure out the best approach to helping the advancement of technology and knowledge – not to mention their accessibility.
Yesterday, I read two different articles taking two seldom heard of points of view on intellectual property. One was a paper from The California Institute of Technology (CalTech), the other from Washington University in St. Louis (as reported by www.newswise.com). I wish I could hear a counter-opinion from a professional on this, because I think they make a good case.
Both argue that the traditional method of ownership of ideas is flawed to the point of slowing down innovation, as opposed to encouraging it. In my limited view, CalTech’s alternative seems to be more viable and sellable to elected officials. What they suggest is that a market-based system of incentives for inventors leads to more innovation. Their arguments make sense; for example, many people who have great ideas don’t bother to actually try to file a patent or invent it, because, in our winner-take-all system, you only need one guy to beat you to the punch to claim all ownership of what would have been your hard work. We ask “Why bother if someone else is going to do it first, or steal my idea?”. The only reason why this doesn’t produce an amount of innovation is because more than 50% of people think they’re “better than the average person”, which is obviously impossible. In a market-based system, you can take even more advantage of this social mentality.
The “knapsack” experiment they ran seems to lead to awesome conclusions, however, I disagree with them on how these results can be applied in real life. They suggest that an inventor would use her advance know-how to buy stock in the raw materials he knows will be in demand with her product. This seems flawed at best, because the crazy markup placed on newly produced goods towers over any profit initial investment in a raw material would be, especially if it were already in very high demand, and therefore expensive.
At any rate, I hope to keep hearing about these ideas and reactions on the part of elected officials and other academics. I’d expect a strong blowback from corporations, but that won’t be of any surprise. I think the idea of a market-based system should be of special appeal to conservatives, at least.