I never thought of it from that perspective, thank you.
I think if the capital is there, its going to be invested. You dont need patents in order for capital to form. Capital can be anything from saved up food, to saved up money in the more advanced economy.
The rule, that a patent is needed in order to secure capital is only valid in the world of patents. No one is going to invest if there is not a patent, for fear of someone patenting the idea, and thus being in "legal" position of shutting down the project.
In the patent-free world, everyone would still be competing on equal means, but not having to spend time and money on securing patents first.
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