Author Tim Wu argues for policy reform on our patent system in the New Yorker’s Elements blog.
Patent infringement is easy to allege and expensive to disprove. The problem is compounded by the excessive leniency with which patents have been issued over the past two decades, particularly for software and high technology. That creates ripe and lucrative opportunities for blackmail and extortion. One recent study suggests trolling costs the U.S. economy close to thirty billion dollars a year. The mathematics of deterrence suggests that the government needs to make the life of a troll miserable instead of lucrative.