Why No More Copyright?

I was tempted to add this thinking into the main site but as I may be in a minority with this then I should at least voice my opinions here and not jeopardise the main idea.

I always viewed copyright of media as a self defeating obstacle to progress, many things cannot be done efficiently and creatively because of this limitation. There was always the argument of protecting the owner of the idea or product, but I regard that as selfish desire, the owner of the item could not have produced it without the help and effort of millions of people to support them at the stage of creation. Why take that away? Why restrict the millions that follow you and could waste less time without having these restrictions. Nowadays, there are industries that gain substantially more than billions, unfairly, from the rest of the world by the use of this idea.