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u/TheUKLibertarian ยท 3 pointsr/libertarianfaq

Most libertarians hold that intellectual property would not exist (at least in its current form) in a voluntaryist society. Although IP has the word "property" in its name it's really not the same as real property, in the same way that the 'patriot act' is not actually patriotic.

Intellectual property--ideas--can be reproduced without the original holder of the idea losing the idea. Rather it is multiplied. Think of the difference between me stealing your Ferrari or me looking at your Ferrari then building my own identical model at home with my own equipment. The second example does not infringe on your property rights although some will argued it infringes on intellectual property rights.

Here is a short videon Russia Today that makes the case against IP: