At the risk of stepping into waters that are way over my head, I would like to offer some comments on software patents, an area where many people with a lot more expertise than I have been weighing in.
The National Innovation Initiative (NII) in its December 2004 report declared that "intellectual property protection is a cornerstone of the innovation economy", and called for the creation of a 21st century IP regime that would "build quality into all phases of the patent process." Books like "Innovation and its Discontents” by Adam Jaffe and Josh Lerner have concluded that patents are being issued irresponsibly and at an unreasonable rate, and that the patent system, especially in the US, is now creating litigation and uncertainty that could have a terribly negative impact on innovation and economic productivity.