Calcified complexity
the current economic system, flawed though we may now recognize it to be, is a complex system, built up over decades; one ought to be very wary in remaking complex systems in a top-down manner. It's one thing to diagnose problems; it's a very different thing to solve them. There's a reason that new economic systems usually arise after major wars; it's easier to build something new after the old thing has been destroyed (and there is the stomach for it, because there is no other choice).
Calcified complexity creates bottom-up opportunity:
[...] it's a lot easier to build from scratch than to retrofit something that exists; that applies to companies just as much as countries and economic orders. I'll be cheering for the startups that seize this opportunity; I'm sympathetic to the incumbents looking at guaranteed costs with very uncertain rewards.