--- title: "Meaning & Key Takeaway of: Patent monopoly creates a lot of…" description: "\"Patent monopoly creates a lot of problems. It allows the patentee to charge the maximum to consumers. This may not be a problem if the patented product..." image: "https://sms4smile.com/quotes/i/450/ha-joon-chang-3497_basic_patent-monopoly-creates-a-lot-of-problem_2797833.jpg" --- # Patent monopoly creates a lot of problems. It allows the… ![“Patent monopoly creates a lot of problems. It allows the patentee to charge the maximum to consumers. This may not be a problem if the patented product is a luxury item, like parts that go into a smartphone, but can violate basic human rights if it involves things such as life-saving drugs.” quote by Ha-Joon Chang](https://sms4smile.com/quotes/i/450/ha-joon-chang-3497_basic_patent-monopoly-creates-a-lot-of-problem_2797833.jpg) [Download](https://sms4smile.com/quotes/i/450/ha-joon-chang-3497_basic_patent-monopoly-creates-a-lot-of-problem_2797833.jpg) [Open image](https://sms4smile.com/quotes/i/450/ha-joon-chang-3497_basic_patent-monopoly-creates-a-lot-of-problem_2797833.jpg) > “Patent monopoly creates a lot of problems. It allows the patentee to charge the maximum to consumers. This may not be a problem if the patented product is a luxury item, like parts that go into a smartphone, but can violate basic human rights if it involves things such as life-saving drugs.” [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Patents can lead to high prices, especially for essential medicines, raising ethical concerns. **In simple terms:** Patents may harm access to vital goods. Key Takeaway Balance innovation with equity. Themes economics ethics healthcare Mood concerned analytical Type policy ethical When to use this quote - drug pricing - policy making - public health - consumer protection Key Concepts monopoly power human rights Questions to Reflect On - How to ensure affordable life-saving drugs? - What alternatives exist to patent monopolies? A Different Perspective High prices can fund R&D, but may restrict access. ★ ★ ★ ★ ★ No ratings yet [Basic human rights](https://sms4smile.com/quotes/about/basic-human-rights/) [Consumers](https://sms4smile.com/quotes/about/consumers/) [Human](https://sms4smile.com/quotes/about/human/) [Human rights](https://sms4smile.com/quotes/about/human-rights/) [Luxury](https://sms4smile.com/quotes/about/luxury/) [Monopoly](https://sms4smile.com/quotes/about/monopoly/) [Patience](https://sms4smile.com/quotes/about/patience/) [Problem](https://sms4smile.com/quotes/about/problem/) [Problems](https://sms4smile.com/quotes/about/problems/) [Rights](https://sms4smile.com/quotes/about/rights/) ## Related quotes > [ Next came the Patent laws. These began in England in 1624; and, in this country, with the adoption of our constitution. Before then \[these?\],… ](https://sms4smile.com/quotes/abraham-lincoln/next-came-the-patent-laws-these-began-in-england-in-1624-and-in-this/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [The US patent system adds the fuel of interest to the fire of genius in the discovery and production of new and useful things](https://sms4smile.com/quotes/abraham-lincoln/the-us-patent-system-adds-the-fuel-of-interest-to-the-fire-of-genius/) [Abraham Lincoln](https://sms4smile.com/quotes/author/abraham-lincoln/) > [When God created man and woman, he did not take a patent. That's why any imbecile has been able to do so ever since.](https://sms4smile.com/quotes/george-bernard-shaw/when-god-created-man-and-woman-he-did-not-take-a-patent-that-s-why/) [George Bernard Shaw](https://sms4smile.com/quotes/author/george-bernard-shaw/) > [We have no patent on anything we do and anything we do can be copied by anyone else. But you can't copy the heart…](https://sms4smile.com/quotes/howard-schultz/we-have-no-patent-on-anything-we-do-and-anything-we-do-can-be-copied/) [Howard Schultz](https://sms4smile.com/quotes/author/howard-schultz/) > [Now Stan and I were still working in secret at that time but, because of this development, we had to inform the University of…](https://sms4smile.com/quotes/martin-fleischmann/now-stan-and-i-were-still-working-in-secret-at-that-time-but-because/) [Martin Fleischmann](https://sms4smile.com/quotes/author/martin-fleischmann/) > [“The patent system was established, I believe, to protect the lone inventor. In this it has not succeeded. … The patent system protects the…](https://sms4smile.com/quotes/ernst-alexanderson/the-patent-system-was-established-i-believe-to-protect-the-lone/) Ernst Alexanderson > [The under-funded and over-extended United States Patent and Trademark Office does not have the resources to adequately evaluate the burgeoning number of applications, and…](https://sms4smile.com/quotes/viet-d-dinh/the-under-funded-and-over-extended-united-states-patent-and-trademark/) [Viet D. Dinh](https://sms4smile.com/quotes/author/viet-d-dinh/) > [Don't fight the patent, fight the infringement.](https://sms4smile.com/quotes/drew-curtis/don-t-fight-the-patent-fight-the-infringement/) [Drew Curtis](https://sms4smile.com/quotes/author/drew-curtis/) > [“There is no patent. Could you patent the Sun?”](https://sms4smile.com/quotes/jonas-salk/there-is-no-patent-could-you-patent-the-sun/) [Jonas Salk](https://sms4smile.com/quotes/author/jonas-salk/) > [The payment made by a manufacturer to a patentee for the privilege of using the patent process, is usually termed, in commercial language, a…](https://sms4smile.com/quotes/nassau-william-senior/the-payment-made-by-a-manufacturer-to-a-patentee-for-the-privilege-of/) [Nassau William Senior](https://sms4smile.com/quotes/author/nassau-william-senior/) > [“Working a Patent is not as easy as it sounds”](https://sms4smile.com/quotes/kalyan-c-kankanala/working-a-patent-is-not-as-easy-as-it-sounds/) [Kalyan C. Kankanala](https://sms4smile.com/quotes/author/kalyan-c-kankanala/) > [Except in very narrow cases, where there's breakthrough science that needs patent production, worrying about competitors is a waste of time. If you can't…](https://sms4smile.com/quotes/eric-ries/except-in-very-narrow-cases-where-there-s-breakthrough-science-that/) [Eric Ries](https://sms4smile.com/quotes/author/eric-ries/) > [In my opinion nobody owns the patent on the art form of professional wrestling and the way it does its business.](https://sms4smile.com/quotes/austin-aries/in-my-opinion-nobody-owns-the-patent-on-the-art-form-of-professional/) [Austin Aries](https://sms4smile.com/quotes/author/austin-aries/) > [The idea that I can be presented with a problem, set out to logically solve it with the tools at hand, and wind up…](https://sms4smile.com/quotes/john-carmack/the-idea-that-i-can-be-presented-with-a-problem-set-out-to-logically/) [John Carmack](https://sms4smile.com/quotes/author/john-carmack/) > [The reforms proposed by the Patent Reform Act of 2007 are precisely the type of congressional action needed. The Act will remove obstacles to…](https://sms4smile.com/quotes/viet-d-dinh/the-reforms-proposed-by-the-patent-reform-act-of-2007-are-precisely/) [Viet D. Dinh](https://sms4smile.com/quotes/author/viet-d-dinh/) ## More by Ha-Joon Chang > [“In no country does the average income give the right picture of how people live but in a country with higher inequality it is…](https://sms4smile.com/quotes/ha-joon-chang/in-no-country-does-the-average-income-give-the-right-picture-of-how/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) > [Sometimes people with strong ideology, whether left-wing or right-wing, refuse to do something simply because they believe it is wrong, when doing it actually…](https://sms4smile.com/quotes/ha-joon-chang/sometimes-people-with-strong-ideology-whether-left-wing-or-right-wing/) [Ha-Joon Chang](https://sms4smile.com/quotes/author/ha-joon-chang/) > [Every market has some rules and boundaries that restrict freedom of choice. 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