Human beings happen to be tuned for face to face communication. They exchange a relatively low bandwidth but high importance information through facial gestures, eyebrows, eye contact, etcetera. As long as businesses relationships are still happening between such human beings, there will be a value placed on seeing each other's faces.
Yeah, I get that. I'm sure there are benefits for a purely business-oriented meeting where people are guarding their cards and trying to make deals.
But I've had to be on conferences with purely technical topics where people use cameras. There's barely even a reason for the call to begin with when specs and questions can just be sent via e-mail, so why do we need to see each other?