Jack Dorsey, co-founder of Twitter (now X) and Square (now Block), sparked a weekend’s worth of debate around intellectual property, patents, and copyright, with a characteristically terse post declaring, “delete all IP law.”
X’s current owner Elon Musk quickly replied, “I agree.”
Cory Doctorow has made a pretty convincing argument that in your real specifically, all designs should be open source. That way, if a company goes bankrupt or simply stops supporting a device, like (say) an implant that allows them to see, or a pacemaker, or whatever, they can pursue repairs without the help of the OEM.
Open source is effectively no different than public domain in this circumstance. You don’t have less rights