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Are Patents Protecting Ideas or Stifling Innovation?

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A patent is a form of intellectual property that can be granted with the presupposition that an invention for public consumption will come out of it later. Parents are good because it allows “the little guy” the time to make his or her invention without worrying about some giant corporation stealing the idea and making it themselves. If a giant corporation does steal the idea, then they must pay this little guy money, which may make the idea theft not worth it in the end. However, what happens when patents for every minuscule idea are granted to people who don’t even have any desire to make something from them? As people have been saying for years, we get the stifling of innovation.

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