The Philoneist Says: BusinessWeek online is running a great editorial by Greg Blonder about how the U.S. patent system is harming innovation. Curtailing the protracted process for acquiring a patent would palliate an often insurmountable hurdle for smaller companies seeking venture capital by filtering out redundant concepts. Blonder argues this would significantly reduce the number of innovations being considered at a given time by the U.S. Patent Office, thus freeing up resources to expedite its decisions for significant advances that would otherwise be ignored.

Read the editorial. (BusinessWeek)