Since we've outsourced millions of well-paying American jobs overseas, the one asset we have to maintain our American standard of living is our innovation superiority. The United States is the world's leader in technology innovation, which is due to our private enterprise economic system, our constitutional protection of private property, and most especially our unique system of granting patents to inventors. Other countries can produce things we invent more cheaply because of the pitiful wages they pay, but other countries have a dismal record in inventing anything. Lacking expertise in innovation, some foreign countries concentrate on stealing our innovations.
Communist China is the world's top producer of illegal copies of music, movies, software, designer apparel, medicines, and other U.S. products. Chinese agents stole or illegally bought high-tech, electronic, military, and communications systems. The longtime consensus among government and business elites has been that as China became richer, its interests would become more like ours. Events didn't work out that way because China is a Communist totalitarian country striving for military and economic superiority.
Our American patent system is a precious American property right which the Founding Fathers put into the U.S. Constitution even before they added freedom of religion and speech. The inventor's exclusive right to his discovery for limited times was unique in 1787. It still is unique, and 220 years of experience have proved it is the world's best system. The overwhelming majority of great inventions are American. Congress should hold a hearing and ask the Obama Administration what it will do to protect U.S. innovation, inventors and small businesses from Chinese theft and attempts to force us to give away our patents.
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