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HuffPo: Patent Trolls Are Killing People — Literally

From a Huffington Post blogpost by , Founder and Administrator, Fark.com:

Patent Trolls Are Killing People — Literally

Posted: 04/17/2012 2:50 pm

Since I gave this talk at TED in Long Beach back in the first week of March, a few new items have come to my attention.

My buddy Ray Fisman (badass Columbia professor) wrote a Slate article about the costs to innovation due to patent trolling. Short version: it brings innovation to a complete halt.

But wait, there’s more…

I’ve recently talked with several folks in the high-tech industry who informed me that part of the reason large companies have been stocking up on patents lately is because they view them like nuclear weapons — they’re a deterrent. No one ever plans to use them. The idea is that you hold them in reserve to prevent patent trolls from suing you.

[…]Billions of dollars are being wasted on this bullshit. People are actually dying as a result.

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