Eventually you are beyond the range of being able to project force or risking losing billions invested in one asset to a $50k missile. That is where reality is heading.
One of the primary functions of navies historically has been to secure vital shipping lanes. It’s a big deal that USN can’t seem to fulfill that function anymore.
Yeah I'm not too knowledgeable about this subject, I'm just theorizing.
My thesis is that the only ways that someone could control a waterway was through naval power, air power, or missile power. Air and naval power is negated by a stronger air force/navy, and 30 years ago missiles were only available to a small number of advanced economies nations. Now, high-quality (or at least credibly dangerous to shipping) missiles and drones can be manufactured cheaply by many nations.
The technology has changed. The navies used to be able to protect shipping. Now the task is much more difficult.
Just as battleships replaced ships of the line, and were in turn replaced by carriers, all due to technology changes.
Maybe there will be drone swarms or some other future magitech being able to protect shipping.
Or maybe the civilization will collapse due to internal (income inequality, widespread employment of AI), external (ecological disasters) or other (demographics, nuclear WW3) pressures before such technologies are developed.