How do you feel about corporations holding patents on genes everyone have? They didn't develop a new gene they just found one that already existed in nature but since their medicine targets that gene no one else can do research on it without licensing the rights to a naturally occurring protein. Intellectual property laws are tricky. How do you ensure people can profit from their ideas while making sure certain things belong to everyone? With the arts in seems that if the artists is good people will reward them. What we have now days is a system rigged to make a few big studio execs extremely wealthy while trying to short change the people that actually wrote, filmed, recorded, edited the product. With the internet the main barrier to entry is removed. You don't need a factory pumping out cassettes and CDs. You just need a website and a reputation for a good product and you can be successful without having to sign a contract with some faceless corporation hoping you get 2% of net. Some people are always going to want something for nothing. The problem is when you think of those people as lost sales. They weren't going to give you money no matter how cheap your product is. Focus on quality and what your fans want and you should be fine. You'll make money on tour and from selling merch. You know, actually working. The days of recording something once and expecting never have to lift a finger again are over. The internet is a great level playing field if you know how to use it.
Gene patents are really silly.
The barrier to entry for music production being broken down is really true. You don't need more than a few hundred dollars worth of hardware and software to make an album that really sounds pretty good. Add a couple of grand, and you're almost at the same level as professional, and the big bucks are only spent on mixing it all down properly.
But that said, what about people who just like to record music at home, then sell it on the internet. Do they just take donations? Or forget about making any money from music at all? FWIW, I'm one of those people. Terrified of playing any sort of music in front of people, but many people love listening to it, so I record it, and sell albums online. In your scenario, with no IP, I would have no way to make any money off of my music.
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.
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.