> 10gbps transit at the rock bottom rate costs $600/mo.
So then 300Mb/s transit, which is around the services these incumbent dinosaur ISPs are offering, is $20/mo? And $20/mo is only 10-20% of their large monthly bills? You're basically proving the opposing argument here in the general case [0].
For reference, I've asked my 1Gb/s municipal provider if they have bandwidth caps, and they told me "no" and that they are not concerned with how much bandwidth I use.
[0] The specific case is that most users are streaming video from large entertainment providers, for which the ISP isn't even paying transit but rather merely the electricity and rack units of CDN edge boxes.
The point of oversubscription is maintaining a network that keeps costs low while providing a good service without congestion. They monitor their network (not your last mile connection, everything else) and once links start reaching 60-80% of capacity at peak times you start adding more capacity. Bad ISPs (like most US ISPs) let this go way too far though.
It appears that your ignorance on the topics of infrastructure and the advancement of technology over the past five decades makes having a useful conversation impossible. Not every cable in the ground was installed with today's state of the art technology. Enjoy your apparently unthrottleable internet connection.
Please max out the line rate for a month or so straight and then tell me how happy your ISP is with you.
They are banking on the fact that you’re pulling 100mbps at the most, with bursts to 10gbps occasionally.