“Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.”

Source: Bad Samaritans: The Myth of Free Trade and the Secret History of Capitalism (2008), Ch. 6, The tyranny of interlocking patents, p. 128
Context: The days are over when technology can be advanced in laboratories by individual scientists alone. Now you need an army of lawyers to negotiate the hazardous terrain of interlocking patents. Unless we find a solution to the problem of interlocking patents, the patent system may actually impede the very innovation it was designed to encourage.

Adopted from Wikiquote. Last update Oct. 8, 2024. History

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Ha-Joon Chang 44
Economist 1963

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