Intellectual property makes sense to us because it's existed for our whole lives. I think it would surprise someone who'd never heard of it. If I were told I own a pogo stick but not its "bounceright", I'd be as confused as this hypothetical person.
Well yeah, cause that would be kinda silly haha. I think a comparable thing would be if there was a concept of readright for books (I guess there is, piracy exists, but it's more focused on the copying side of things than unauthorised reading)
You still get value from reading the book. You get no value from a pogo-free pogo stick