As a matter of fact, programming already works as if IP law didn't exist from the point of view of many programmers.I'm hired by a company to produce a product, in exchange for a salary. I don't know any IP that I might produce as a result of my work. I'm simply paid for my time. Could (as an example) novel writers be payed for the time spent writing a book rather than as a function of the sales of their books? I see not logistical reason why not. Maybe the market won't bear many writers under those conditions... But they would still exist, right?
Note: I think Trademark law is really good. And patents have issues but they are mostly good. I'm only talking about copyright here. I'm not entirely against the concept of IP, but I do think copyright law is not nearly as critical as it's made out to be. Maybe the optimal solution is weak copyright rather than no copyright, but I think it's important to understand that no copyright is not as crazy as it sounds.