The alternative - again, in the same real world where patents exist - is to craft a very fragile standard around the patents that you know of, without the participation of the industry, only to be whacked with a submarine patent as soon as the standard becomes dominant and can't - in the legal opinion of the "inventor" - be implemented without their innovative brainberry. That can still happen within the previous workflow, but at least you involve early on most holders of IP related to that field.
Of course, none of this precludes the notion that a better world is possible, say one where any inventor has to prove substantial investment before patentability (say, medical studies and drug approval), and can only recoup those investments up to a limited multiplier.