"In a true capitalist system, when a company fails it goes out of business.

"In a true capitalist system, when a company fails it goes out of business. Patents like this are a joke on the free market. They allow failed companies to sue those who succeed and get hundreds of millions of dollars out of them. They let companies that failed cash in for doing nothing -- for failing in the market place. It's a tax on companies that build something consumers want, paid to companies that could never correctly figure out what the market wanted. It means the companies that improve the world have to pay off the companies that have done nothing to improve the world. How is that possibly a fair or reasonable result? "

https://www.techdirt.com/articles/20140203/17483226082/our-broken-patent-system-company-that-does-nothing-may-get-hunderds-millions-dollars-google.shtml ⟲

Our Broken Patent System: Company That Does Nothing May Get Hundreds Of Millions Of Dollars From Google

The patent system is completely broken. Towards the end of 2012, we wrote about how a patent troll named Vringo, using some patents (6,314,420 and 6,775,664), had won a lawsuit against Google. Vringo was a failed ringtone company that had bought...