I would think you of all people on this forum would understand precisely how IP controls can inhibit creation and technological/innovative progress. Companies buy up and sit on patents all the time. While most of these are probably have no impact on anyone, there are certainly patents out there that are held by one entity which prevents another entity from using it in the development of a new technology.Why does IP law need to be revamped? I honestly don't understand how that would foster more innovation and creative expression. Can anyone explain?
A company looking to develop a breakthrough cancer treatment may be stopped dead in its tracks if a portion of that development is patented and they are not granted use and, that, IMO, hinders progress. Or, as Moyo stated, stuff related to sampling.
Then there is the other side of IP controls with crap like Monsanto and their ownership of every seed. The strict IP laws regarding agriculture have taken what humans have done for thousands of years and monetized it to the point that farmer's effectively do not own their own crops - the seeds (and resulting seeds from the crops) are owned by Monsanto. Don't see how anyone could think its logical or beneficial.