We almost had this in the early 2000s, but then we regressed. People were excited about meshnets, when was the last time someone mentioned those? Too many people have forgotten and now many have been raised in this current form of the Internet thinking it's the only way. We need to think bigger. We need to push for IPv6 and basic internet connectivity (meaning ability to connect to any peer in the world) as a human right. Otherwise we build our lives around something that can be taken away on a whim over something as silly as grown men kicking a bladder around a field.
You'll get up to 10 million investment from whatever bank + state arrangement no problem. But when you want to scale up you're fucked if it requires money. So no "let's get 1 billion users and then think about milking them" way to do business, you have to be profitable a lot earlier. And you better not require too much R&D.
So it's a "this is why we can't have nice things" more than anything else. The assholes always ruin things in the end. So instead of some idealistic dream of a world, we get this shithole dystopian reality.