>> If you cannot own things you create, there is little incentive to create and share those things.
You do realize people created and shared things long before copyright became a thing, right?
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Can you explain how something like the Lord of the Rings film series gets created in a world with no IP laws.
Many versions are made, the best ones get the most views. You don't need huge budgets and guaranteed revenue to make great art. In fact, I'd argue it's often the opposite. Most big budget movies suck these days.
Where is the money coming from? Who is financing the production?