There is a myth that patents are taken out by poor and lonely inventors coming up with a stroke of genius. If such a poor inventor did exist, he or she could never afford to even apply for a patent. Today patents are manufactured in meetings, where engineers discuss what they did last week, and a patent monopoly attorney takes notes and files patent monopolies on the most trivial things. If somebody had invented the chair today, next week you would see dozens of filings for a patent monopoly on placing two chairs side by side or opposite each other. This is the actual level of monopolization going on, just in case the filing corporation can use the patent to sue or countersue somebody later.
It has become more profitable to create patent monopolies rather than actual products and services, and then sue (or threaten to sue) those who actually create something… In the pharmaceutical industry, the market deadweight from the patent monopolies is in the ballpark of 50% of the industry’s total revenue. By getting rid of these patents and opening up research and manufacturing, we could double the money spent on actual research, while allowing people in the third world to use their own raw materials, plants, and knowledge to make medicine for their populations.
– From Patent monopolies by Rickard Falkvinge.