The purpose of having a standard is economic. The classic (British) example is screw threads, having a standard set of screw threads means that products from different manufacturers are interchangeable and competition drives down prices; the US puts more emphasis on standards being an enabler of people interchangeability, i.e., train people once and they can use the acquired skills in multiple companies.
In the early days of computing we had umpteen compilers for Cobol, Fortran and then Pascal and then C and then C++. There were a lot of benefit to be had getting the vendors signed up to support a single standard for their language (of course they still added bells and whistles to ‘enhance’ their offerings). Language standard’s meeting were full of vendors, with a few end users (mostly from large corporations and government).
Fast forward to today and the ranks of compiler vendors has thinned significantly. Microfocus dominates Cobol, Fortran is dominated by a few number cruncher oriented companies, Pascal die hards cling on in surprising places, C vendors are till in double figures (down by an order of magnitude from its heyday) and C++ vendors will soon be accurately countable by Trolls (1, 2, 3, many).
What purpose does an ISO language standard serve in a world with only a few compilers? These days the standard is actually set by the huge volume of existing code that has to be handled by any vendor hoping to be adopted by developers.
The ISO C++ committee has become the playground of bored consultants looking for a creative outlet that work is not providing. Is there any red blooded developer who would not love spending a week, two or three times a year, holed up in a hotel with 100+ similarly minded people pouring over newly invented language features?
Does the world need all these new features in C++? Fortunately for the committee there are training companies who like nothing better than being able to offer ‘latest features of C++’ courses to all those developers who have been on previous ‘latest features of C++’ courses. Then there is the media, who just love writing about new stuff, there is even an ‘official’ C++ Standard news outlet.
In the good old days compiler vendors loved updates to the language standard because it gave them an opportunity to sell upgrades to customers; things are a bit different in the open source compiler market. What is the incentive of an open source compiler vendor to support features added by an ISO committee? In the past there has been a community expectation that it will happen, but is the ground swell of opinion enough to warrant spending resources on supporting new languages? Perhaps the GCC and LLVM folk will get together and mutually agree not to waste resources being the first mover.
Would developers at large notice if the C++ committee didn’t do anything for the next 10 years?