Yes, but I feel the same about many other things: Christmas, The United States of America, Lutherans. All things that exist as ideas (IP) that are collectively held and collectively controlled.
Discussion
Now you are getting it. Some of there are voluntary and others are not. Some are mechanisms of control. IP is just an idea and its a flawed one.
Those are collectively held. Some are privately held: Peanuts. Some have very complex mechanisms of ownership and control: the U.S. Constitution, the bitcoin code.