Intellectual property purports to foster innovation and reward idea-havers. It does the opposite, stifling innovation and rewarding rent seekers over tinkerers.

Intellectual property purports to foster innovation and reward idea-havers. It does the opposite, stifling innovation and rewarding rent seekers over tinkerers. See case study of a notable IP monopoly, Watt's steam engine: https://fee.org/media/5345/122008freeman-boldrin.pdf https://fee.org/media/5345/122008freeman-boldrin.pdf