Morality does not make sense in the absence of common principles. I personally consider IP to be morally deplorable because it encourages rent-seeking; companies can stop innovating and use law to thwart competitors.
I bet the lack of IP is what will give china and other countries the edge in the long run.
China uses IP laws to their advantage all the time, here is a story where apple lost the case to a small phone company. The article goes on to say "Legitimate lawsuits are on the rise as Chinese companies build up their intellectual property through research and development".
I bet the lack of IP is what will give china and other countries the edge in the long run.