Here are some heuristics on why there might not be a fastest algorithm for something. For any given computable task, there are always infinitely many algorithms to solve it, because you can always add "futile" steps that just waste time, adding to the complexity. Therefore, there always exists an infinite ascending chain of slower and slower complexity classes which contain these algorithms. The question is, is it possible that infinite descending chains also exist?
EDIT: I want something computable, because any uncomputable problem trivially has no fastest solution.