I think the machine has just gotten too big, it would require a huge effort, even the original creator or Node.js, Ryan Dahl, is strugling create sufficient displacement with Deno. Innovation over safety? Like cheap products I guess, either you join them or get driven out of business, leaving only the cheap products anyway.
Also, if you want to spend a lot of time, effort or money to vastly improve something, would you put it into JS or would you perhaps focus on another language that has better foundations and hope it catches on, where there is the potential to outperform (in quality and consistency) the JS ecosystem? Perhaps those with more sense move to other ecosystems, such as C#, Go, Java, Elixir? I say this as a long-time user of JS who has recently enjoyed his foray into Elixir.
Also, if you want to spend a lot of time, effort or money to vastly improve something, would you put it into JS or would you perhaps focus on another language that has better foundations and hope it catches on, where there is the potential to outperform (in quality and consistency) the JS ecosystem? Perhaps those with more sense move to other ecosystems, such as C#, Go, Java, Elixir? I say this as a long-time user of JS who has recently enjoyed his foray into Elixir.