The U.S. dropped to 12th place in countries with best patent systems
The U.S. is tied for 12th place in a Chamber of Commerce ranking of countries' patent system strength. Law professor and senior scholar at George Mason's Center for the Protection of Intellectual Property, Adam Mossoff, told Axios that the U.S. has "a serious, systemic problem in our patent system."
Why it matters: Just two years ago, the U.S. was ranked number one, and then fell to 10th place last year. Mossoff says this "shows a pattern that we are falling, and it can get worse...we will suffer more consequences in slower economic growth, less jobs, and worse quality of life overall."