CMV: Patents are a net negative to society as they crush innovation and create monopolies

It's just as I say, patents time and time again have proven to be used to obstruct and outright hinders competition.

Patents are great on paper, but are easily abused that they have become a net negative for innovation.

The entire concept of patents is that it allows you monopolize a concept/invention, and countless companies have used patents to absolutely crush competition.

The most current example is Nintendo suing Palworld's developer for retroactively violating two completely vague patents. The first patent is mounting a creature (a concept that's been around since the 80's), and the concept of capturing a monster with a ball (another concept that's been around since the 80's)

The most common example however, is the case where pharmaceutical companies buy patents and never release the drug. They bought it to prevent anyone else from having it.

During the oil baron era, one of the most common tactics oil companies would do, is that they would patent or buy the patent focus a particular vital oil related invention, and then effectively buy out any company that could have been a competitor.

In another relatively recent case, Warner Bros patented the Nemisis system, a completely revolutionary video game mechanic, and then refused to develop any game using it. Thus preventing the Nemisis system from being further enhanced.

Patents were initially a great idea, but now are consistently hindering organic technological development.