The basic fear is that without copy restrictions there will be no value in producing new stuff, everyone will copy, hence no one will have the incentive to create new designs to copy.
To me that seems like a completely irrational fear. One of the most cited problems of the Open Source market (where everything can be copied) is that there is too much choice.
For some strange reason people doesn't seem to be content with just copying, most people wish to add their own personal touch. To fear that the possibility to build upon others creations would kill creativity and the need to express one-self is just stupid.
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