I would argue what makes the world a better place is ensuring companies have to innovate on their own. That’s what leads to breakthroughs and new things. Constraints often breed innovation. What is the incentive to sink billions into R&D if someone can sit on the sidelines and just take what you have developed? Look at the situation right now: we have multiple vaccine candidates from multiple companies because they all had significant incentive to develop them not because they were necessarily going to make a lot of money off this particular vaccine, but because they could accelerate R&D on tech they can use for other therapies. Some of these vaccine candidates appear to be mediocre at best. If we didn’t have a competitive marketplace we wouldn’t have gotten the best vaccine possible in the shortest timeframe possible.
And ultimately make the world a better place? I fail to see any downsides here.