Yes, Intellectual Property must go down. People often think positively of copyright, thinking that no one would support artists if they weren't forced to, and that artists couldn't possibly make a living if it weren't for copyright. I think we are rich enough that if we were to share it properly we could give everyone, not just the talented, time and resources to create art. And I think the talented would still gain advantages by being talented, people want to support artists that mean a lot to them. But to be fair, limiting or removing copyright is not only not that popular of an idea, it's also the least of our worries, cause it mostly concerns entertainment purposes.
Patent laws is where we need to act. To give a clear example: patent laws mean that excessive amounts of money goes to pharmaceutical companies, This is always defended by saying that they in turn will invest this money into research. The problem is
They spend far more money on marketing than on R&D, which effectively means that you're often not getting the best medicine, it means your getting the best marketed medicine.
When money does go to R&D, the research that's being done, is limited to that which benefits the pharmaceutical company. This is an unacceptable limitation. For example it is not in the interest of pharmaceutical companies to to cure disease, it's far more commercially attractive to make it a manageable chronic disease, where you rely on medication for the rest of your life.
Companies will not share their knowledge. For a company these are trade-secrets that could benefit their competition and if you have to compete obviously sharing knowledge is not in your best interest. But if you want to help humanity forward, obviously you should.
Drug prices are often excessively high, in part because of the previously mentioned marketing costs that you pay for.
Neither of these problems would exist if R&D was funded by governments and charity. And the pharmaceutical is just one industry that's taken as an example. The way that intellectual property is holding humanity back can not be overstated. Basically we need to go free and open source on IP,
Patent laws are the reason why I'm reluctant to work on my idea for a mini-joystick (thumbstick) with force feedback, because even if I manage to get it through without violating any patents of the patent troll by the name of Immersion Technologies, I wouldn't want the technology to be locked to a single console manufacturer for a decade, then to be only available to certain manufacturers for yet another 5 years or so.
Capitalists say the free market is king then they go and make laws to stifle and restrict it so they can make monopolies and gouge everyone out of their hard-earned income.
In a classic example you have a village with 2 bakeries, one of the bakers came up with a machine to kneed the bread, so he can make more bread and sell it cheaper. This is sort of the story people tell to show how great capitalism is.
But we have reached a point where that one bakery now owns a chain of bakers, adds ingredients to the bread to make it more addictive, skips on actual ingredients needed for bread and replaces them with sawdust, made donations to the current political party so any competition has to jump through hoops to get a bakery license, etc.
The major premise of Capitalism is risk vs reward. We hit a tipping point though, where 99% of people do not have any capital to risk, and the people who do have the capital have enough to nullify any risk.
The Game Boy alone proves this whole capitalist rhetoric wrong. It was the most successful hand held game system for two reasons, it was cheaper than the rest and it went through batteries slower, otherwise it was objectively the worst handheld game system on the market at the time. Look at the food you are able to eat, the clothes you are able to wear, and the place you are able to live and try to tell me the driving force on those decisions was quality. Capitalism is not concerned with improving anything, that is not the goal of the system.
Copyright and inheritance can’t exist in a capitalist society
Under true capitalism, everyone starts at 0 regardless of their birth and the only way to make more money than someone else is to work more hours regardless of profession. Over saturation of a given market is fixed by the invisible hand where people just move onto something that gives more hours
They slow down adoption of innovation and raise prices to levels the market can afford. With the existential need to change and improve like 50% of all industrial processes, this results in too slow change. It never mattered if climate change is anthropogenic or not.
This meme shows a complete misunderstanding of patent law. A patent is a social contract that allows for a limited amount of protection for an invention being copied (usually 20 years) in exchange for it becoming public domain after that. This enables people to make a living inventing things. Are games played with the system, sure, does it work perfectly- no, but it’s better than the alternatives. (Source, am inventor)
The whole IP debate is just pure nonsense. It still relies on the cartesian mind/body dichotomy and an idealism of some sort where "the ideas" exist in their own immaterial cognitive realm. And they think that I can steal these imaginary immaterial entities and they will be gone for good. Yeah...