Why is Facebook extorting money from the business to allow users to see what they want to see?
IMO Facebook should have never offered any free reach for businesses - if the only option was pay for reach nobody would be complaining. Because there has always been some amount of free reach there's an odd sense of entitlement.
It has always confused me that Facebook has done so little to monetize businesses, many of whom now list their Facebook pages in major advertising campaigns rather than their own website. Traditionally the service that Facebook provides to businesses was a pretty high value one, and it wasn't that the businesses brought users -- the businesses went to Facebook because the users were already there.
It's just apparently not something majority of their users need based on their usage patterns. If they switched to this as default, brands would complain as well, as a post appearing at 7 am is very unlikely to be scrolled down to by a user who checks Facebook at 8 pm their local time zone.