It seems odd to be arguing for generic computation abilities in the place where most "computation" is done nowadays. Can you imagine what could be achieved if the browser vendors and standards bodies put business considerations aside and spent a good couple of years designing such a thing? We could have an almost endless list of goodies: threads, code isolation, multiple number types...
Just like Intel, AMD, and the rest in effect control (much to Alan Kay's despair) hardware architectures, the vendors & standards bodies are a sort-of natural cartel controlling upwards of, what, 50%? 80%? the code end users actually interact with. The quality of the decisions they make has deep repercussions beyond the tech community and it's simply not possible for any of us to know what they all are. Even if they were bona-fide saints, this would still be too much power to tie up in such a small group.