I agree with every word you say. Concerning your final point, “without a fight.” There may be more than one fight going on. The inexorable forces of debt, inequality, conflict, squabbling over resources, etc. will tend toward war. During wartime, the state suddenly gains more powers, they can nationalise and levy taxes - do all sorts of things. They can wipe the currency and tell everyone to use a new one.
We may see another world war, in our lifetime, and the outcomes are impossible to calculate.