If companies can't produce the high quality goods that we want and need, then what are they good for? They were supposed to compete with each other to see who can make the best products, not the cheapest junk.
This pathological capitalism has to go away forever. It's bad for consumers and bad for the environment. Companies exist because society allows them to exist, and they're allowed to exist because people believe they will fulfill their wants and needs. If they keep failing us in such spectacular ways, there's no reason for them to keep existing.
But a lot of people actually want companies to produce as cheap as possible - be it because they are poor or because they dislike regulatory interventions for ideological reasons.
Not saying this is great and I try to buy higher-quality goods if possible, but the reality is that needs and wants of high-income persons might be different to those of the poor.
This pathological capitalism has to go away forever. It's bad for consumers and bad for the environment. Companies exist because society allows them to exist, and they're allowed to exist because people believe they will fulfill their wants and needs. If they keep failing us in such spectacular ways, there's no reason for them to keep existing.