World Economic Forum Warns That Patents Are Making Us Lose The Race Against Antibiotic-Resistant Bacteria
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Back in June last year, Techdirt reported on the warning from the World Health Organization's Director-General that we risked entering a "post-antibiotic era". That was in part because the current patent system was not encouraging the right kind of research by pharma companies in order to develop the new antibiotics that we desperately need.
Stephan Kinsella points out that the World Economic Forum's 8th Global Risks Report (pdf), based on a survey of over 1,000 experts worldwide, has singled out precisely the same issue as one of the most serious facing humanity today:
Those experts also offered their views on why they thought this worrying situation had come about. Their answer turned out to be the same as the key problem outlined in the earlier Techdirt story -- the failure of patents to encourage the development of drugs that maximized public health rather than private profits:
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