From an economic point of view, any choice has an opportunity cost. There are only pros and cons, nothing is the best.
Science and technology inherently have spillover effects. If there is no patent system, then It will be very difficult for individuals to profit from their own inventions or technological innovations because there are very high transaction costs. Just imagine that the holders and demanders of new technologies will suffer serious deadweight losses due to high transaction costs. This is harmful to the entire economy. Suppression
Of course, the patent system will also lead to a certain degree of monopoly. New technologies will not be accurately valued, which will also cause an increase in transaction costs. However, the advantage is that it encourages individuals and organizations to invest in technology. Innovation
Since Venice promulgated the world's first patent law in 1474, the patent system has been continuously repaired and improved. Today, there are more than 170 countries and regions that implement the patent system around the world. This also shows that the patent system has Of course, if any genius can introduce a more advanced mechanism, he will definitely be as famous as Gauss in the history of economics