It's easy to diregard IP when you don't own any, but if IP didn't exist the big, bad, evil corporations could steal ideas from people with no recourse. In fact, that's exactly what happened with Robert Kearns[0]. He invented the intermittent windshield wiper and attempted to license it to motor companies. They told him no and later implemented intermittent wipers themselves.
Sure, you can disregard it as "why does Kearns need to own that idea?" But if it werent for Kearns, we probably wouldn't have intermittenent wipers nowadays. Also, if companies could just steal ideas from other people instead of investing in R&D, why wouldn't they?
Sure, IP can be abused, but like the majority of laws, was created with good intentions. Killing IP instead of closing loopholes that allow abuse is attacking the problem, not the cause. Without getting too political, that's the problem the left has with guns and the right has with encryption.