I'd be very interested in a writeup. My gut feeling was always that it is in fact not incentivizing the "inventor" either. I do see people at big institution filing patent after patent, but it seems very inaccessible for a normal human being like me.
Exactly. Patents protect only monopoly of large companies. Getting a patent in EU or in USA is very expensive ranging from tens of thousands and up to hundreds of thousands. Big part of this money goes to totally unproductive parasitic hands.
The fees are half for small businesses, and 1/4 for "micro entities". If you only want a US patent it isn't very expensive. Investors want to see patents which implies they have value, even if it's an uphill battle to take on a big company.
Though I do agree lawyers and govts have basically colluded to create a system to suck money out of business in return for being allowed to function.