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+ - U.S. inventiveness at highest point since Industrial Revolution-> 2

Submitted by dcblogs
dcblogs (1096431) writes "U.S tech companies lead all other industries in patent production, and Silicon Valley has the highest patent-producing population, according to a new study by the Brookings Institution. The rate of patenting by U.S. inventors "is at its highest point since the Industrial Revolution." The leading year for patent production was 1916, when 410 patents were awarded for every one million people. Other big inventive years are, in order, 1915, 1885, 1932, but next on the Brooking's list is 2010 and 2011. In 2011, there were about 387 patents awarded per million people. The Brookings report argues that, based on R&D spending, the patenting rate reflects a real increase in the number of valuable inventions and not the actions of companies simply to trying to patent more things. When patent activity is measured on a per capita basis globally, the U.S. ranks ninth behind Sweden, Finland, Switzerland, Israel, the Netherlands, Denmark, Germany, and Japan."
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U.S. inventiveness at highest point since Industrial Revolution

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  • Since when does the number of patents filed have any correlation with actual inventiveness?
    Seems to me this may be a sign of the inverse actually. Instead of actually inventing new things, more and more US companies are just finding it easier to abuse their totally broken Patent system to make money through trolling. They are patenting every old thing they can think of, regardless of who actually invented it, how blatantly obvious it is, or the existence of any prior art.

One man's constant is another man's variable. -- A.J. Perlis

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