This article is slanted to an owner's point of view: the firm can't make huge profits if there's perfect competition. The rest of us do want perfect competition, and the author admits that, albeit rather deep in the article:

But perfect competition does maximize the combined consumer and producer surplus from a given product.

The author also believes in a falsehood:

Nullifying patents (or any other kind of intellectual property) would crush the incentives to innovate, and we’d never get any new products.

This isn't true. Holland and Switzerland deliberately industrialized without patents (http://www.amazon.com/Industrialization-Without-National-Pat...).

This article therefore advocates for setting "intellectual property" controls too far towards the owner/firm's favor.