I'd say society is better off with no IP related temporary monopoly than the system we have. There are enough instances where creators die penniless and publishers make all the profits to suggest there already is no financial incentive for an inventor to invent. Like Goodyear, they do it more as a hobby or in the interest of society.

Maybe if we had social safety nets so everyone not rich wasn't desperate, we might be able to have a robust innovation sector that was less focused on using law to screw competitors and consumers.