Open Source is Highly Dependant on Strong IP Rights.Not only is Raymond Keating quite obviously a pin-head, but he in fact flatly wrong.

Open Source and Free software use licensing to protect the author's wishes regarding the software they write. These licenses, of course, are highly dependant on strong Intellectual Property rights. This is why I can explictly use the legal system to force someone who steals GPL'd (or otherwise licensed work) to comply with the license.

As for economic concerns, most code, some say 90%, is never a for-sale product. So if people choose to co-operate on software they mutually need and no one can provide to spec (as in it actually works well), how is that bad for any economy? Right, it isn't.