> 1. Patents usually involve a lot of research — and existed as a way to ensure that competition couldn't imitate your product without also making that investment, licensing it from you, etc. If there was no protection, they would immediately undercut you since they don't have investment costs to cover. Tech patents, however, are so broad and require so little actual material science that the "protect the investment" part doesn't add up.
Citation needed. I know of many patents that are side discoveries of R&D that was done anyway. It's a myth that others could easily undercut a company doing the research, the inertia of expertise of employees, processes etc. is typically much better at holding of the competition. None of the successful technology companies made their business by patenting. The example of pharma is often brought up, but it's actually a very good counter-example, when pharma companies first developed, it was the Swiss and German companies which dominated and there was very little (Germany) or no (Switzerland) patent protection for pharmaceuticals.
Patents almost never describe processes and technology with sufficient detail to reproduce them (in fact many companies will purposefully not patent those things they consider central to their business, to keep them secret) and are instead written so broad as to just create a moat to prevent any newcomers from entering.