I think I agree with you. 4° is much more likely IMO than 1.5° given how governments tend to align them selves with the interest of the rich above all else. However I think at some point continuing climate inaction will not only become politically infeasible but also economically infeasible. However at that point we will have acted to little too late, and will be looking at a 2-3° warming.
Climate optimists will have you believe that 2-3° is actually not that bad, however I believe this sort of climate optimism amounts to climate denial, 2-3° is definitely a horror scenario effectively destroying our current way of life. Millions of people will die, millions more will be forced to flee—and they won’t be accepted as refugees, wars will break out, our economy will collapse, and the poor will starve in a 2-3° scenario.