Video game streaming requires a high quality internet connection to a nearby data center. It can work in certain places but there's always going to be places where it doesn't work, and consoles don't have that problem.
In a lot of the metro area where I live cloud gaming over 5G wireless is actually very feasible. I do it from time to time. I've tried it in a few other cities as well, with generally positive results.
There are some games that just don't work well over cloud streaming though.
Jokes aside I do agree that streaming doesn’t work reliably for all game genres and client geographies, mostly due to latency