I'd say that in the context of intellectual property the correct word would be 'postulates' not 'recognizes'.
Benefit to society is hard to proove or measure. It's implied. What's very easy to measure is a benefit to minority of rich people at the expense of the society.
How could I have forgotten: the idea of personal property is also essential to Jewish law, predating the Magna Carta by another 2,000 years. That’s at least 3,000 years of at least a portion of humans placing value on private property.
While I agree with your comment, I think the last part is only partly true. The military strength of a country doesn't necessarily correlate with the property values and prices - it is enough to compare, say, Switzerland or the Netherlands with Russia or China. Rather, it is an intricate next of various factors that constantly change.