This is objectively false. The propaganda of IP is that it is designed to protect the little guy. History shows that this was never the case as copyright was always a tool of censorship and control.
The patent system has been twisted beyond the breaking point since before I was born. It does not exist for its intended purpose anymore and instead is a legal arms race between corporations and governments.
Trademark law has also been leveraged by monopolists. Although arguably its purpose makes the most sense being a commercial protection used exclusively against other commercial entities. It too has been abused regularly.
The average copyright court case is around $250,000+ from begging to conclusions in the federal courts. Asserting or defending your rights is insanely expensive.
Many innovators and developers have been litigated out of existence by not being able to pay to defend themselves in the case of patent trolls.
IP is for the wealthy and their favorite proxy the corporation to create artificial scarcity. They have authored a regulation empire to commercialize our culture. They act as gatekeepers to our thoughts and creations. It really is a bizarre system.