VentureBeat: U.S. patent system weakens: Protect IP to keep American tech at the top
This article is contributed by Paul R. Michel.
America can’t outcompete low-wage countries when it comes to manufacturing cheap, mass-produced widgets. Our labor and regulatory costs are simply too high.
But we can — and historically have — outcompeted every other nation when it comes to creating superior technology, from semiconductors and smartphone operating systems to advanced medicines.
Unfortunately, this advantage is disappearing. Competitor nations have greatly improved their regulatory policies, which enable technological breakthroughs.