The Patent System and the Public Interest

This article is directed co a commentary on the patent system in its relation to the public interest. As man gained supremacy over his environment, he could devote progressively increasing portions o his time to improving his standards of living. In the history of the human race, we have advanced from the hollowed floating log to the modern steamship of the present age; from the sickle and flail to the reaper and combine; from the trumpet and drum as a means of communication co the telegraph, telephone, and radio; from the horse and ox cart to the automobile, truck, aeroplane, and train; and so on ad infinitum through the list of inventions on which are based the industrial and political economies and standards of living we enjoy today. It has also been a long road from the day of the alchemist and his closely guarded secrets to the era of the patent system and its storehouses of knowledge open to the world. The alchemist and the craft and merchant guilds closely guarded their secrets. In fact, they largely opposed innovations on the grounds that they might injure profits and restrict employment. In these days of unrest, with great clamour out of doors for radical changes in our political and industrial economies, it may not be untimely to examine one of the keystones which support the economic structure we know as the free enterprise system, the system which is predicated upon the right of the individual to own property. Many, through impractical idealism, ignorance, confused thinking, or blind political prejudice, advocate the substitution of ownership by the State ? for the right of ownership by the individual. As civilization has advanced to the high standards of living we enjoy today through the efforts of a comparatively few inventors, the patent system which has provided the incentive that created the inventions on which our industries and our employment are based is fully understood and appreciated by a comparatively small percentage of our people. As a result, the patent system, as a keystone in our free enterprise economy, is an apt target for destructive criticism, with the thought, possibly, that by eliminating or drastically restricting the several rights to individual ownership one by one, ownership by the State will progressively replace ownership by the individual.