Intellectual Property has become controversial. Intellectual property (IP) rights, including patents and copyrights, are exclusive rights that are granted by the state for exploitation of intellectual creations. Once IP rights have been established, the property cannot be copied or used without the agreement of the owner. Some argue that IP rights should be abolished but my point is that it plays very important roles as it protect our valuable ideas and encourage creations in society.
First, "idea" itself has become a very important property for individuals and groups. In these days, physical property is not the only thing that should be protected. Although intangible, ideas are the most valuable assets for people, so it has to be safeguarded from being exploited by others. Think about drug companies. Before introducing new drugs to the market, drug companies put huge amount of time and effort. They spend years on researching, conducting medical tests, or clinical demonstrations and finally receive an approval from Drug Administration of the state. Just like producing final products, it requires even more efforts and time to create an idea. This shows why our creation of valuable ideas should be considered as our properties and that is what Intellectual Property rights exist for.
Second, if there is no IP, there would be no incentive for innovation. IP rights are to prevent our intellectual properties from being exploited and freely shared by others. Thus, without IP, people would not put efforts on creating new ideas as there would be no good for it any more. For example, if there is no copyrights system, there would be no nice music album or great entertaining movie released because there is no profit for original creators. However, if the ideas and intellectual products are protected under the law of intellectual property, it would encourage individuals and companies to come up with new and innovative ideas, which is also a good thing for the whole society.
Some say intellectual property rights should be abolished as there is no such thing as "intellectual" property. They think only "real" properties exist in the world and it should be the only subject for protection under the law. I partly agree that it is difficult to understand calling what are not tangible or real as "properties". However, we should not forget that all the products we use every day started from someone's ideas at first. To produce a brand new smart phone, Samsung or Apple start from creating an idea first and then get into manufacturing. This means that "ideas" should be considered as another kind of property and protected by IP laws.
Although IP issue is still controversial and confronts many challenges, I think government should defend their position for IP laws as "ideas" have become valuable properties and IP would encourage creative innovations in society. We should remember that Intellectual Property Rights exist not just for benefit of individuals or companies, but of all.