Bandwidth isn't going away (apart from a violent cataclysm), but low latency connections are a consequence of prioritizing the needs of capital to re-establish time-efficient global networks over resource efficient networks with higher latency. When the government of India wanted to provide communication infrastructure for their rural citizens, they launched satellites. When Facebook wanted to provide connectivity for neighboring nations they used... balloons?
"I appreciate SDF but it's a general-purpose server and the name doesn't make it obvious that it's about art." - Eugen Rochko