In conclusion, while the alleged intention behind intellectual property laws may be to foster innovation, their practical effect is often to hinder it. The right to innovate—to freely explore, develop, and share new ideas—is fundamental to human progress and should not be unduly restricted by overzealous attempts to commodify knowledge. As we navigate the complex landscape of 21st-century innovation, it is crucial to critically examine and reform IP laws to ensure they serve their intended purpose of promoting progress rather than stifling it.
While not entirely wrong, I’d take anything out of free market fundamentalists mouths like the ones at Mises with a gain of salt.