There are a number of articles out there presenting powerful arguments as to how the concept of "intellectual property" actually stifles innovations. (I may dig some of my favorites up if anyone actually cares to view them, and time permitting.) The two biggest objections people first think of to eliminating IP are movies and drugs. But with drugs, most of the cost is actually artificially inflated via the government. And as far as movies, well, I don't know that I'd call most of what Hollywood puts out "innovative."
But beyond that is the principle, which is far more important than one or two industries. Is it right to punish people for copying something that the designer allowed them to see? If the answer is no, but we do it anyway because "society benefits," then I would just agree to disagree... many wrongs can be committed in the cause of benefiting society. (If the answer is supposedly "yes", regardless of the societal benefit/detriment, then I think there might be some trouble defending that view.)
My view: following the logical, consistently correct course of action always ultimately leads to mankind's betterment as a whole, even if in the short term we can't fully see it.
The concept of ideas as property is inconsistent with the concept of physical property which we have absolute rights to. And since I find the concept of arbitrary property rights, as determined by some authority, to be rather disturbing, I choose to accept that the concept of ideas as property is inherently flawed, and ultimately a detriment for mankind.
I enjoy the average Hollywood blockbuster, myself. I'm not sure why there's always so much hate piled on them. I enjoy them a heck of a lot better than most low-budget films with poor quality acting and cheesy special effects. I would surely miss the caliper of Hollywood movies and TV shows were IP protection to go to the wayside.
Oh, don't get me wrong, I enjoy some of them myself. But I have noticed lately things seem to be getting a bit... derivative. I joke with my friends about how "apparently U.S. culture peaked in the 1980s" based on what Hollywood keeps running with.
I'd like to hear more about how most of the cost of drugs is because of the government. And even if the government is the cause of 90% of the cost of drugs, that 10% is still going to be billions of dollars that someone has to pay, or the research isn't going to get done.
Full disclosure: I'm not a doctor, and don't work in the industry. My info comes from what I've read and heard.
My take is that the bulk of drug "development spending" comes from two things: mandatory FDA payments to the U.S. govn't, and regulations on the drug manufacturers.
The regulations should be easy to see. Even if you believe industries should be government-regulated, a look at the regulations in the drug industry should raise an eyebrow or two. Many seem to be there for the sole purpose of squashing newcomers to the market (who would force costs lower via competition.) It reminds me of how certain simple medical utensils could be made at lower cost, but due to the fact they have to be "medical grade" (which often doesn't mean much) regardless of the actual product use, you wind up with $200 bottles of aspirin and other nonsense.
The FDA approval payments aren't as often discussed. It seems that drug companies need to pay huge sums of money to the FDA to get a drug approved. Which sounds reasonable, until you examine how little the FDA actually does to check the drug out themselves. Again, an example from another governmental arena: in many states, you have to get your car "approved" for driving once a year. You can pay ridiculous sums of money, and in exchange for the "service" to society a bureaucrat walks out and essentially looks under the hood and kicks the tires. Apparently the FDA does the equivalent, if not less.