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Teeqoz said:
fatslob-:O said:

IPs and patents are different things ... 

The latter is a subset of a former and I was specifically only against patents ...


Your argument could be just as well applied to IPs. BTW patents increase competetion and innovation. Instead of just using the same tech the  other companies use, companies are forced to innovate, and get better ideas than what the other companies have in order to stay relevant.

Moreover, good luck getting folks to invent new machines/processes/etc. without letting them cash in first. It would still happen, but not at the same rate.