that's because a capitalist Utopia is in no way realistic (and acutally self-contradictory). The only future Capitalism offers is a dystopian one (if we even get to have a future, which is not all that likely under current circumstances)
the so called nordic compromise, is just an implementation of "social" "democracy" and even that has been eroded over the last few decades. It still upkeeps the exploitative nature of capitalism and is largely build on imperialism, racism and oil/fossil fuel money... As such, it still caters to the interests of the rich minority instead of the well-being of humanity at large
the systems is still inherently flawed and based on exploiting nature and people. Trying to make a system that is based on "infinite growth" adhere to the reality of our finite world is like telling a warrior society that they should start being peaceful
AV1 seems like a more open successor to HEVC/x265 and since it's quite new compared to that only new devices are just starting to support it through hardware decoding/encoding
that's because a capitalist Utopia is in no way realistic (and acutally self-contradictory). The only future Capitalism offers is a dystopian one (if we even get to have a future, which is not all that likely under current circumstances)