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You might be right, I thought it was actually for adsl, because otherwise post-bells had to roll out fiber or comcast were the only high-speed isp.
The problem is most people can live on 25/3 or less, stick to youtube sd, email, web, etc, it'll be slow but not ludicrously so, and they won't complain much.
Not a lot we can do, the limit on bandwidth means we are stopped from creating services that need more bandwidth, which means they're no reason to get that bandwidth.
HD video is nice, but not a requirement for most people, and ISPs desperately want to keep their customers limited so they can either upsell traditional tv/voice or otherwise keep their customers from adventuring too far outside their walled gardens. AOL both helped deploy and was destroyed by the internet, modern ISPs don't want to see the same thing happen to them, and honestly most customers use a handful of common sites.