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To own it means doing with it what you want.
To take what another owns without consent is theft.
Legalized theft is still theft.
Once the patent is granted, the government is giving the patent holder a monopoly enforced by the police powers of the government, resulting in higher prices for the patented goods.
I am not happy with the current patent system at all. Its expensive, requires patent lawyers who charge high fees, and is populated by patent trolls who never plan on actually making anything, but just keeping others from the fruits of THEIR thought processes.
Its government granted monopolies to those who pay the entry fees to get the government protection, not necessarily protecting the ones who actually did the inventing.
My definition of Competition: Two or more individuals dependent upon each other to be the very best they can be.