Today is world IP day, a day to ponder our IP choices, philosophies and commitments. We are going through a very tough phase, and are witnessing several established systems crumble. Knowingly or involuntarily, we took some of them for granted and deemed certain others essential. In the face of abnormality, many of them have failed, and many more might follow suit. Will the present IP system be one of them? Incentivizing innovation and creativity forms an integral part of the fight…