Ideas cannot manifest if research is not profitable.
Discussion
Removing IP laws does not necessarily make research unprofitable. Secrets can still be kept in until the point of release. And even if your competitors copy you, you still have a first mover advantage, and more time to improve your product
What if you outsource production to China and the sister company copies the product without having to pay for your R&D?
Your fault for trusting them without a written, signed, and enforced contract and without purchasing insurance or securing an arbitrator to compensate you for violation of the contract.
IP is more than patents, it's also trademarks. If I try to imagine a world without trademarks, the picture in my head seems pretty chaotic, poor little me second-guessing every product at the grocery store.
Then grant funded research … must be really profitable.