What about Plagiarism though? That's the main point of intellectual property. If someone writes a song and it's really good. It's about the artist's life, full of personal stuff that only that artist could think of. It's this artist's master piece. But then a more popular artists decides to steal it and makes it becomes more successful. The more popular artist doesn't owe anything to the original creator?

I think IP is definitely abused, but still a lot of cases were it can protect people.