In the Middle Ages,
craftsmen formed guilds and kept the
methodology of their trade a secret.
This
allowed them to maintain their
competitive advantage, and to keep good wages.
Today, these same trade
secrets are kept by companies
through the patent and trade secret laws.
In order for Massachusetts
to maintain it unique value proposition, we need strong patent and
trade secret
laws to protect our inventions, our ideas, from being copied. With a computer and the
Internet, ideas can
be copied in a matter of minutes to the far corners of the world, to
places
where manufacturing is cheap, where copying can be done for a fraction
of the
cost in Massachusetts. I have seen projects cost
corporations
millions of dollars in research and development to produce, employing
many
local engineers at good salaries, be copied by competitors for a
fraction of
the development costs. The
competition
enters a market without risk for a fraction of the cost, and the
original
company looses out. After
two or three
similar incidents, the company will just stop investing in the
research,
because it is not cost effective.
And
the jobs disappear.
We need strong patent
laws in the United States
to protect our ideas, to protect our
inventors, to protect our jobs, from infringers.
For the past several years, many in Congress
have been working hard to water down our patent laws, trying to make it
easier for
copiers to steal ideas. As
an
Intellectual Property Executive, I know the impact of these changes on
the Massachusetts
economy, and I will fight efforts to weaken our protection in the
global
economy.