As has been shown a few times now, this capability can be summarily revoked.
The rental model isn't an inherent part of web hosting, it's just much easier and much of the internet is geared toward things working that way.
I'm quite sure that it would be impossible to do that in some situations and for some use cases now, and in some areas it would not work out well, but in other areas it's trivially easy to find "business class" fiber service with at least 1-Gbit up and down, which is faster than the pipes a lot of hosting providers offer.
There's a much stronger case to be made against ISPs tampering with or denying service to those sorts of customers, who are directly paying for a physical connection to wherever they're located.
Yes all of these can be ultimate censored, but someone can walk up to you and forcefully hold their hand over your mouth too.