The rent-seeking inefficiencies in the patent system are too long to detail here, but they apply to drug patenting as much as to anything else
Bunch of stuff here to be clarified, I think.
Joseph Keene
14

While lots of entities in the health care business do a great deal of rent seeking, I take issue with the thought that drug patents are somehow bad. Private property rights, i.e., the ability to patent drug compounds in order to recoup development costs and return profits to those who fund the process, is the engine most responsible for technological progress on the planet, and a right I would argue is more critical to society than even democracy or freedom of speech. While the US may have the wealth to self fund drug development, few countries can, and patent protections attract the funds necessary to do critical work in every area of human endeavor. Ill get off my high horse now. LOL

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