I still wonder how much faster parts of the world who do not honor the traditional IP laws can innovate? Not that I'm encouraging ignorance of IP laws, just curious about what happens differently in their absence... how does the system work then?
In a somewhat relevant WTO dispute between US and China,
"The International Intellectual Property Alliance, a coalition of U.S. entertainment and software industry groups, has claimed piracy in China costs them more than $3.7 billion in lost sales." [1]
[1] https://www.reuters.com/article/us-china-usa-wto/china-u-s-t...
I can claim piracy in China costs me 18 billion dollars.