alt Hacker NewsThis is some New Zealand-level of alternative facts.
"Plenty of societies have functioned adequately without our current form of property rights"
Adequately? name one lol
"many musicians make their pay by performing live" ticketmaster
"innovation on making that new drug cheap and readily available" that's not what innovation is.
"China because they are resource constrained and price-conscious" you need to go outside
Namely... every society in existence before the year 1496. Our current form of property rights includes copyright, which had no formal treatment until the city of Venice issued a decree that fined anyone who printed an author's work without direct permission.
Previous to that, the effort of copying a book was seen as so high, that one deserved reward simply for doing that. In fact, there were times that copying books was seen as social charity, that needed to be encouraged.