Generate text that refutes this claim: The product of a firm's intellectual endeavor is the property of that firm, and it deserves to profit from it  When a firm directs individuals to mix their labor with its capital or other resources, part of that firm's identity inheres in the product that arises from the effort. This is the origin of, and fundamental philosophical justification for, property rights. Property rights are an unquestioned mainstay of life in all developed countries, and are an essential prerequisite for stable markets to develop and function1. The law protects patent rights in much the same way as more conventional physical property, as well it should. Individuals and firms generating ideas and using their effort to produce an intangible good, such as a new drug formula, have a property right on those ideas and the products that arise from them. It is the effort to produce a real good, albeit an intangible one, that marks the difference between an idea in someone's head that he does not act up, and intellectual property that can be protected by a patent. Developing a new drug is a very intensive endeavor, taking time, energy, and usually a considerable amount of financial investment2. The cost of developing a new drug varies widely, from a low of $800 million to nearly $2 billion per drug and is rising3. People and firms deserve as a matter of principle to benefit from the products of the effort of creation. For this reason, stealing intellectual property, which developing generic drugs is, is the same as stealing an actual physical product. Each is a real thing, even if one can be touched while the other is intangible in a physical sense. As a matter of principle, property rights can be assigned to intangible assets like drug formulae, and in practice they are a necessity to many firms' financial survival.  1Fitzgerald, Brian and Anne Fitzgerald. 2004. Intellectual Property: In Principle. Melbourne: Lawbook Company. 2 Congressional Budget Office. 2006. Research and Development in the Pharmaceutical Industry". The Congress of the United States. Available: 3 Masia, Neal, 2008, "The Cost of Developing a New Drug", Focus on Intellectual Property Rights, America.gov, Available:
disease health general house would allow production generic drugs
No one can own an idea. Thus creating something like a property right over intangible assets is a meaningless endeavor. Doing so gives monopoly power to individuals who may not make efficient or equitable use of their inventions or products. Physical property is a tangible asset, and thus can be protected by tangible safeguards. Ideas do not share this right to protection, because an idea, once spoken, enters the public domain and belongs to anyone who can use it.