I don't believe you're correct that intellectual property has slowed down progress.
Linux and the GNU project use copyright and they're doing well. Arguably better than the permissive BSDs for which copyright law might as well not exist. But even GNU/Linux falls far behind Windows and MacOS for regular desktop users.
Software is already the ultimate gift-able creation where you can make something for yourself and everyone else. It's cheap to make at home and it's free to distribute. Yet even here commercial products protected by IP are still far superior to things made by hobbyists just wanting to share with the world.
Medicines? Most biotechnologists I know are working at university research labs aiming to churn papers or they're working at a company that exists because of patent law. I don't know anyone researching new drugs in their spare time just to gift it to the world.
So I guess as a counterpoint, I know a hundred startup founders who made something looking to make a buck. I know zero people working on expensive technical problems purely because they care about solving it.