How so? I agree with you that this measure will fundamentally change the reasons for innovation. Innovation itself will no longer be lucrative because you cannot be sure that you will be rewarded for your research.

In my opinion, it will rather arise from the urge to deliver a better end product with which one can differentiate oneself from the competition for some time. Or out of a thirst for knowledge that is fuelled by the fact that all knowledge is openly accessible. Or from the sense of community that comes from working together on a project to improve one’s own skill and improve circumstances for all.

Intellectual property protects smaller innovators from larger companies. Imagine if you developed a novel process for solving a problem much cheaper than current methods. Now imagine if you started making some serious money doing this, and it starts to make some noise. What’s to stop Amazon from just copying your process, and making it better/cheaper? They have the money to completely down you out.

Without Intellectual Property upkeep rights, any megacorp will just copy your idea and sell it for less at a broader scale, and cut you out of the market.