What's the Point of Draws?

You are forced to draw in stalemate, and sometimes it's better for you to make a draw (say you do not have enough material to win or any move you make be costly)

Why would you want to have a draw? Wouldn't you want to just beat the other person and get a higher rating?
There is no point to draws...only half a point for draws.
Sometimes no-one can win a game so the draw is the only outcome.
The best chess players, like grandmasters, play many many draws!

grolk wrote:
ok, I think this thread is done. just let it die
I'd say it's striking good conversation.

Why would you want to resign a lost position? Wouldn't you want to just beat the other person because he makes a blunder and get a higher rating?

Draws are part of chess. One of the three possible results.
What are the other two?
The three results of a chess game:
1) White wins (1-0)
2) Black wins (0-1)
3) Draw (.5-.5)
Draws exist because there are many situations in which the objective of chess cannot be accomplished, which is checkmating the king.

If you are in a losing game, forcing a draw is a victory, since your opponent did not gain any ground on you from a points perspective. Also, a draw as Black is considered successful defense, since White has failed to capitalize on his first move advantage. Other motivations include avoiding zugzwang, if you can find perpetual check.
Another reason for a draw: It's that last round of the tournament, neither my opponent nor I have an advantage after 25 moves, I'm going to finish out of the money, and I have a three hour drive ahead of me.