[ffhhttt]

Perhaps (well.. almost certainly) that would disincentivize any of the companies in these industry from innovating at all (if you can’t gain any edge by additional investment since anything you do will be stolen you might as well start stealing if that cheaper).

This would also especially favor large mega corporations as long as they are efficient enough (due to obvious reasons).

[treyd]

Most substantial technological innovation is either funded by government grants or is publicly funded in some other way in the first place. It's a myth that IP laws protect innovation, they protect profits of corporations that add very little to the process on their own.