That's a good argument for publicly funded research, the products of which become available to be leveraged by business across the economy. That doesn't mean that vertically directed, product focused research within companies is a bad thing. Without it smartphone tech would be years behind where we are today, and the Mac would never have happened which means Windows may never have happened, at least when and in the form that it did.

This is also an argument against a strictly enforced and restrictive patent system. If inventors are incapable of turning their inventions into viable products, then the broader economy and public interest may actually be best served by allowing others to make use of those inventions without punitive licensing terms. I'm not anti-patent, but it seems to me the current patent system is far from optimal.