How Google Broke the US Patent System | Facts Matter

One of the reasons that America became such a massive global powerhouse, is because for the last 250 years, Americans pretty much invented the modern world. Whether it’s the automobile, the airplane, the computer, the Internet, the telephone, the lightbulb, the steamboat, the cellphone, the refrigerator, microchips, air conditions (or even things like fractional reserve banking, credit cards, and mRNA vaccines) — good or bad, they all came from America. And the reason that so many inventions came from the U.S. is likely 2 fold. Firstly, our system of government and free-market economy unleashed the human potential and ingenuity of a massive population. Secondly, America developed a solid system of patents which effectively protected intellectual property rights. For the last 200 years, if you invented something novel in America, you can be fairly certain that you can monetize your invention, and have a recourse if someone chose to steal it. However, like almost every other institution in our country, the patent system has been getting more and more corrupted over last several decades. And in order to explain how this happened, and what that corruption looks like in practice, I spoke with Mr. Randy Landreneau — the President of an organization called US Inventor, which is working to restore the American Patent System. ⭕️ Sign up for our NEWSLETTER and stay in touch 👉 https://ept.ms/3wWdBwe ⭕️ Support our fight for the truth