There should be a ceiling with patents, where if you make 10x back of what it cost your r&d (or whatever 5x of your yearly revenue), the patent should just be considered expired no matter how much time passed.
Patents in the US only last 20 years on stuff like this, the problem is that lawyers are crafty. So they will patent the formula and then 20 years later the delivery method or something like that. Thus preventing generics for longer than they should be able to.
So patents are stopping the whole market competition thing, like what how capitalism is supposed to work and all that.
There should be a ceiling with patents, where if you make 10x back of what it cost your r&d (or whatever 5x of your yearly revenue), the patent should just be considered expired no matter how much time passed.
It should never be an infinite source of money.
IP is evil
Seems like a good idea, but would probably just result in Hollywood accounting so that they never actually make any profit on paper.
Patents in the US only last 20 years on stuff like this, the problem is that lawyers are crafty. So they will patent the formula and then 20 years later the delivery method or something like that. Thus preventing generics for longer than they should be able to.
Only way how capitalism works is that the rich are just becoming the richer by exploiting the poor(er).