The real story here is that IP ownership is capital-intensive when it shouldn't be. Open-source and community-led IP contributions are grossly under-protected because of this, and those with capital become unopposed predators. This is a special-case of the more general observation that the justice system is capital-intensive when it shouldn't be. The answer is something you very rarely hear: the US (especially) needs justice system reform with an eye toward making actions take 100x less time and 100x less money, approaching free for consumer and IP actions. Given the advent of computers, the internet, video conferencing, it is outrageous how much of the current system requires physical paper, physical presence in a courtroom. It is outrageous how the slowness and cost of the system itself is used by the wealthy to bully the poor.
No. The real story is China weaponizing the global IP system in an imbalanced manner.
IP ownership is not inherently capital-intensive in the US.
Bluesky's name collision was pretty avoidable here but I guess they thought the obvious name was BS.