Is that worse than the current situation where you accidentally infringe on a dozen patents from the megacorp's warchest and get sued to oblivion if you don't quietly agree to their favorite terms? Is that worse than all the innovation being stifled by agreements requiring work on your own time and dime to belong to your employer? Are first-mover advantages and other sources of natural monopolies not really that important in building your moat? Is intellectual property the right mechanism for limiting megacorp power?

I'm open to the idea of some intellectual property rights remaining (like the "natural rights" you see in a lot of the world, or retaining current trade secret laws), but I still think we'd be in a better place than we are now if the current system were completely abolished.