But the thing is, we don't need to develop products. New products are just further resource usage, more greenhouse gasses, more "infinite growth". Also, a company or individual having "an edge" in competition by developing something first is simply waste of resources. Now only they are allowed to improve upon it, make it more efficient, whatever. If this didn't exist, yea they'd be incentivized less to create it in the first place, but also now everyone could take it and make it better.
We have to go away from thinking as individuals in the direction of thinking as humanity.