Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.”
X’s current owner Elon Musk quickly replied, “I agree.”
I’d be in favor of a phase out of IP law. It would probably require a LOT more public investment in the arts and sciences. But public funding would lead to public ownership, so society would benefit on the whole.
No one would be getting rich off of creative works, but we would want to be sure that people will still make a living.
Or UBI would work even better.