Did you know that Patents are a form of what Economists call Rent Seeking?

[Foghorn]

It is as the name implies.

n economics, rent-seeking is an attempt to obtain economic rent by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth. One example is spending money on political lobbying in order to be given a share of wealth that has already been created. A famous example of rent-seeking is the limiting of access to lucrative occupations, as by medieval guilds or modern state certifications and licensures. People accused of rent seeking typically argue that they are indeed creating new wealth (or preventing the reduction of old wealth) by improving quality controls, guaranteeing that charlatans do not prey on a gullible public, and preventing bubbles.

Many current studies of rent-seeking focus on efforts to capture various monopoly privileges stemming from government regulation of a market. The term itself derives, however, from the far older practice of appropriating a portion of production by gaining ownership or control of land.

http://en.wikipedia.org/wiki/Rent-seeking
@nokilleye version 2.0- I just want to show you why there is no growth in the economy. Even a world class Economist said that there will be no growth until 2050.

http://articles.marketwatch.com/2012-12-...mic-growth

That is right around the time that patents and their extensions expire.
@bcnu- Notice that you didn't explain your position. Why?

Because your level of Economics is in the kindergarten stage.

The reason why you don't understand me is because you are still in kindergarten level of thinking.

Notice that you use little baby insults like a 5 year old child. Does baby want a tootsie roll?
@nokilleye version 2.0- That is why I am a Libertarian. We are turning the market into something it was not designed to be. If we just left it alone then it would fix itself. Most Economists always go back to the Great Depression to point out why Capitalism failed. I believe in my heart that it was because of patents.

I haven't done enough research on it yet but because patents act like regulations. Then its safe to believe that patents and excessive regulation may have been the problem. Its like plumbing, if your sink is clogged up you don't replace the whole sink with something totally different. You try to find out what caused the clog then you clean it. That way you know what to do the next time it happens. Moving to Keynesian economics is replacing the whole sink with Communism.