1. it needs buy in from all the browsers or it might as well be useless
2. browsers need to bend over backwards to be backwards compatible so that you can run old web pages. if a browser does not work on all the web pages a consumer needs they will simply not use it.
3. I would bet good money that most of the management in charge of the websites that make up the web would not waste dev time on migrating to some minified JS file replacement, when webpack-style minifying works "just fine" and allows your team or whatever to keep churning out new features