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Imagine a world where patents only last 3 years and all closed source code and research had to be made public in that time too.

We'd all have to innovate faster and more consistently to stay ahead of our competition.

We would probably have cured cancer, have infinitely more efficient fuel sources and be able to feed the world.

I think it depends on the industry. If patents only lasted 3 years, high tech may move faster because a 3 year advantage is enough incentive to innovate in an industry that moves fast anyway. I'm not so sure about pharmaceuticals though. 3 years isn't even enough to complete clinical trials, so the companies would effectively have no incentive to innovate at all.

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