The patent system is designed to promote the progress of the useful arts and sciences: Congress is given the authority to do crazy, un-capitalist stuff like give an inventor a monopoly on his shiny new “machine that peels potatoes in the shape of Hitchcock’s silhouette.” Oh, sure, we limit the time to a couple of decades, but it’s an iron-clad right to hock those tater obliterators ((When my legal career fails to materialize, I’m inventing this and laughing all the way to the bank.)) without limitation, right?
Not exactly.