You're probably access web sites sitting at home or office, where you have decent 10+ Mbps channel. All this changes when you travel and you use either slow public WiFi or phone tethering. Yes, there's 4G, but in most places in most countries 4G coverage is very poor: it's only in the most populated areas.
I travel between countries and of course I hate staying in huge cities because they're expensive and noisy. But when you move to smaller towns, there're usually limited options for connecting to the Internet.
Last year in India I spent 2.5 hours incessantly trying to open my bank website to make an urgent payment. All these huge React/Redux bundles were loading for ages, and they aren't cached and there's no support for resuming download after it dies because of some timeout or because you were looking at the spinner for 30 minutes and decided to click reload button.
And even when these huge SPA load, they're totally broken on slow connections. People become lazy and they don't handle timeouts and responses coming in weird order because of the slow channel. Even if you manage to open SPA on slow connection, it's a pain to use, almost impossible with all these XMLHttpRequests on every click transferring megabytes of data after every click or typing any letter. :(
Well, I'm talking about "state of the art" apps. You can always fallback to server-side rendering/pure html if the connection is too slow and you can't afford the boostrap/init download. Depending on your use case SPA may actually be an improvement as the static resources can be cached. WASM is supposed to compete with native apps. Why don't you complain about MBs to download on native apps?
that's peasant level net :P. 100 or bust {literally what I have home and better at work). seriously though, indeed the web is overbloated and I don't think there is coming back