Unconvinced, with respect. Patents and systems of intellectual property are also codes that create space and time, in this case financial. Without them, scientific and engineering discovery/invention has often (usually?) tended to collapse in on itself.
I inferred that OP was referring to the absurdity of the current software patent system and not the idea of patenting IP directly, and I agree that the current system is in dire need of an overhaul.
That's fair. I surely agree that poorly made IP codes can also inhibit discovery and invention. And the article notes that the corrective time-space codes are "a lot smarter than us."