" Intellectual property is to give technology time to commercialize. "
Well, as an inventor on 14 patents and owner of a couple, I think there are 3 things patents do. My first expereince was a product we were trying to make for which there was an original patent. The owner had the idea, but no skill or prowess to make the device. He was sitting on it waiting for a payout. So this certainly doesnt move the advancement of goods and services forward, it delays it by 14 years.
The second is to create more boundaries around existing ip. So if I patent a pencil as lead, wood and erasure, I also try to patent graphite, plastic and eraser, this way I create a fence around my patent so I don't have competition. This strengthens government backed monopolies based on IP.
I do think there is a small set of patents that are made by people who honestly want to bring a device to market. But if someone else brings to device first, who is harmed? the consumers surely arent harmed, they get the device. What if you come first to market ans someone copies it, who is harmed? The consumers? No again, now they have a cheaper/better device...which is how capitalism is supposed to work.
In every respect IP doesnt help the economy and just works to create monopolies.. and thats just the start!
After a monopoly has been created, now it is self reinforcing as described in the article. More opportunities arise, through politics, supply chain threats (I'm your biggest customer, I'll leave if you supply my competitor), etc
then government swoops in, breaks the company up, without actually harming the people who ran the monopoly (rockefeller got even richer after the breakup), all for a problem they cause to begin with.