> ISPs want to maximize their profit, not the speed of their internets.
How this is contradictory? If you have faster network, you can have more people subscribing and paying more money.
And make no mistake, ISPs are a monopoly. Due to 1) the inherent difficulty of building a broadband network 2) a hellish patchwork of local regulations and government-granted exclusivity deals, ISPs function in a state of basic monopoly.
Densely populated areas can have multiple options for high-speed internet, but the market is not bursting with competition.
If you don't have to compete, what's the point of building out faster internet? Why spend more on investment without competition? Why not just focus on making as much money as possible off previous investments?