The progression of the cable TV industry shows many people are more than happy, or apathetic enough, to allow the industry to double-dip.

Cable TV is a bad analogy because it was a natural monopoly. Even the disruption route (satellite TV) was another natural monopoly.

Netflix doesn't have the moat of "built a physical wire connection to every persons home" that cable TV enjoyed.

basic people sure, but the early internet showed an extremely strong demand for a better service than cable TV. When that demand is there then people will start seeking other options and building bridges of convenience to help the basic people also port over.