It is very difficult to answer this sensitive question. If we give no importance to IP rights, then it will discourage brilliant people and there will be less and less innovation. But if it gets too strict, then a lot of poor people will be unable to afford medicines, technology, and entertainment.
There are many selfless brilliant people that would release inventions for free.
Problem is that the system is controlled by greed.
Most geniuses do not care that much about the money.