> No it won't. I said "minimally good enough". Competition takes care of things up to "minimally good enough". And then it stops.

Huh, why would it stop? People can freely switch between streaming services.

> Because not enough people care.

Yes, competition improves what people care about. That's a good thing. You don't want society to waste resources on stuff people don't care about.

Btw, your argument might demonstrate that video quality won't go up, if people don't care. Yes, I agree. But what does that have to do with profit?

People always eg care about price; and they will switch for price.