Is this like if everyone suddenly got 1gb fiber connections in 1996? We put money into the thing we know (infra), but there's no youtube, netflix, dropbox, etc

Is this like if everyone suddenly got 1gb fiber connections in 1996? We put money into the thing we know (infra), but there's no youtube, netflix, dropbox, etc etc etc. Instead we're still loading static webpages with progressive jpegs and it's like... a waste?