Personally, I do not feel that Patents and Copyrights must be present in a society to allow for the development of new technologies.
An open source OS in the computer industry works just as well as one that claims its source code an industry secret.
Jonas Salk developed the Polio vaccine without having as incentive the desire to line his pockets with money.
Much of the raw research used by the Drug Industry and even the technology industry is done by Government institutions the world over and that researched used free by those same industries.
I would also argue that the current system can stifle initiative rather than promote it given , premised on greed, treating an illness with a drug needed into perpetuity is more profitable than curing it.
Removing the “money incentive” from everything that we can do can help to evolve our society to a much better place then making it all about the money.