Bill Gates Quotes
At some point, that risk-taking private capital can take over, and have patents and trade secrets and things that let them lead the way, which happened with the steam engine and some other things, although with energy, the time of adoption is a lot longer than it is with, say, IT products or even medical advances, like drugs and vaccines.
Gates, Bill. Interview by James Bennet. "We Need an Energy Miracle." The Atlantic, Nov. 2015.
In the early years of our nation, there was not much intellectual property being developed in America. We were an underdeveloped nation, and we took whatever we could get regardless of laws. Alexander Hamilton for example urged obtaining industrial trade secrets and even machines by whatever means was necessary. However in the latter part of the 19th century, Nathaniel Hawthorns, Mark Twain and other creative Americans persuaded the government to join copyright conventions; we had become the victim of intellectual piracy rather than the pirates. Then we became the leading nation in advocating and enforcing intellectual property rights. This coincided with our becomng the leading producer of intellectual property. Intellectual property rights has always been an issue of “whose ox was gored.” The US position is somewhat hypocritical given our early history. However, respect for intellectual property rights, we now argue, in our modern global economy will encourage businesses to not only invest in developing countries but allow their technology and trade secrets to be used in the developing nation.
This principle justified the Government in allowing a local Indonesian company to manufacture anti-AIDS drugs without paying licensing rates demanded by the drug companies that held the patents. The principle is that patent rights and the desire to profit should not supersede the rights of people to continue to live because they cannot afford the drugs to keep them alive. The local manufacturers provide the drugs to the government at cost of manufacture which is a tiny proportion of the price the patent owner charges.
Many people believe that patents—especially in the high technology arena—actually inhibit innovation.
This is a very important quotation in the Patent world. One of the major justifications for giving patent monopoly to an inventor is that without the patent protection people would not invest time, effort or money to invent things. However many of the great inventors have not agreed. The original Constitutional purpose in granting patents was to stimulate disclosure of technology to other inventors and educate the nation. That is why all patents are public and can be viewed by all.
William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft Corporation. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014. He is considered one of the best known entrepreneurs of the microcomputer revolution of the 1970s and 1980s. Gates is also co-founder and chairman of TerraPower that is developing next generation traveling-wave reactor nuclear power plants, in an effort to tackle climate change.
