You vastly underestimate the cost of investing in IP development - perhaps because you come from a background where research is trivial??
Developing drugs, building special fabs, etc can be hundreds of millions spent in research that needs to be incentivized. If the option to just copy the person that does all of the work is on the table, anyone who does the research investment will be immediately undercut in price and the whole system encouraging expensive R&D will collapse.
>If information flowed more freely people interested in making money would have to continue to innovate
If information flowed more freely without IP protection, the winning move is to not actually invent things and just copy whatever the current leading products do. Maybe that's what you call "innovation", but it's a pretty big regression from actual inventions and major leaps forward.
Developing drugs, building special fabs, etc can be hundreds of millions spent in research that needs to be incentivized. If the option to just copy the person that does all of the work is on the table, anyone who does the research investment will be immediately undercut in price and the whole system encouraging expensive R&D will collapse.
>If information flowed more freely people interested in making money would have to continue to innovate
If information flowed more freely without IP protection, the winning move is to not actually invent things and just copy whatever the current leading products do. Maybe that's what you call "innovation", but it's a pretty big regression from actual inventions and major leaps forward.