I upvoted you because it is a good point, but ... who is advancing the most quickly in manufacturing these days? That would be China....
Plus, I would hesitate to naturalize the idea of intellectual property as if it were a "thing" just like a cheese sandwich. Some of your argument seems to rest on protecting IP which (somehow) exists; a lot of people would doubt that IP is a valid concept or exists at all.
And the "regulation" in this case is for China and other developing nations to pay a tithe to more developed nations because they got there first and planted a flag on some unclaimed (intellectual) property.
Plus, I would hesitate to naturalize the idea of intellectual property as if it were a "thing" just like a cheese sandwich. Some of your argument seems to rest on protecting IP which (somehow) exists; a lot of people would doubt that IP is a valid concept or exists at all.