We are in a classic end of a Kondratieff cycle. The incumbents try to protect themselves because the upstarts are hurting the incumbents but are not yet strong enough to overthrow them.

Just one data point. Cannabis cures cancer. That is worth $100 bn to the Medical industrial complex in the US. World wide maybe half a trillion. Maybe a trillion. Then there is cannabis and diabetes. It adds up.

And that is just one pressure point. Cannabis. How many others are there?

DC (Edison) fought AC (Tesla and JP Morgan). Trucks vs trains. Oil vs whale oil. etc. Human nature. Those dependent on the old order want/need to hang on. They can’t.