Let me correct it then, I want is Laissez Faire Capitalism.
Without patents, he is a guy who comes up with lots of ideas which are worth nothing, as you just clearly pointed out. ie. he is worth nothing.
No, he is priceless. Companies are always looking for creative people. What do you think the market value is of the guy that thought up the iPhone, or Kinect? Those people are priceless.
I disagree. Microsoft would fire the lawyers and hire more inventors. Small companies would be able to compete, because the protection large companies have would go away.
Everybody wins! Especially the consumer, who ends up paying for the circus.