Patent term is 20 years from the date of filing, and doesn't begin to run until the patent issues, which is usually years after it was filed. It's incomprehensible to me how you can seriously argue that the US patent term is too long but then should be replaced with a system that allows for an indefinite term.
Do you know what a trade secret is? Trade secret already has an indefinite term. There's no reason why patent terms should be indefinite, it's antagonistic the concept of disclosure that is required to obtain a patent in the first place.
> Patent term is 20 years from the date of filing, and doesn't begin to run until the patent issues, which is usually years after it was filed. It's incomprehensible to me how you can seriously argue that the US patent term is too long
20 years is too long for many things where after that time the technology is no longer relevant. Remember that the entire point of intellectual property is to encourage creation in order to enrich the commons.
> but then should be replaced with a system that allows for an indefinite term.
And exponentially increasing fee does not allow an indefinite term because noone has infinite money. At some point the fee will be more than the entire global wealth.
>And exponentially increasing fee does not allow an indefinite term because noone has infinite money. At some point the fee will be more than the entire global wealth.
Don't be obtuse. If 20 is too long, telling me that it can't actually be indefinite* isn't a great argument. So it can be 40 years if they pay? How is that better?!?
Literally exponentially increasing means that if the fee is $2 in year one, it's just over a trillion bucks in year 40. Even with inflation, if a patent is important enough to someone to finance the entire welfare state, I say let them have it, and I'm an IP abolitionist too.
Do you know what a trade secret is? Trade secret already has an indefinite term. There's no reason why patent terms should be indefinite, it's antagonistic the concept of disclosure that is required to obtain a patent in the first place.