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Based on the synopsis at the top of the article, I'd say absolutely not a good idea.
Maybe I shouldn't have linked that article. Sure, it doesn't sound good, but I'm still struggling with whether this is for real. It almost reads like a spoof on intellectual property, or "consensual use of data" as it's been rebranded.
What do you mean by "if it's for real?" It's a real philosophy that someone really thought of, obviously. Has anyone experimented with it? Not that I've ever heard of. Would it be a good idea? Sounds pretty awful to me. It would stifle small business, independent learning, building new things on top of old ideas, and would create massive stagnation as no one could afford to do anything new without reinventing everything that is needed as a basis for the new thing.
Additionally I'm trying to imagine how it would even be possible today and I think you'd need incredibly complex (slow, fragile) mechanisms to make it work.
It's not that obvious to me. There are very few hits for Galambosianism. Galambos seems to have been a real person, but even so, it's not a huge amount of work to make some fake entries here and there.
Well, fair enough. My point was it's a real thought someone had, but not (IMO) a very good one, whoever came up with it. Maybe it was that guy, or maybe it was someone borrowing his clout for whatever it's worth.