I'm not sure I'd agree that GPL compatible licenses have failed.
To take one example Kubernetes, one of the most popular projects around at the moment is Apache 2 licensed which has been agreed with the FSF is an open source license. Other popular projects like Tensorflow also use this license
Likewise very popular projects like Visual Studio code, React Native and Angular make use of the MIT license which is also GPL compatible.
None of those licenses are copyleft, a company can pick any of those projects listed by you, sell a closed source product with their improvements, without giving even a semicolon back to upstream.
To take one example Kubernetes, one of the most popular projects around at the moment is Apache 2 licensed which has been agreed with the FSF is an open source license. Other popular projects like Tensorflow also use this license
Likewise very popular projects like Visual Studio code, React Native and Angular make use of the MIT license which is also GPL compatible.