Both my sibling and I, along with my wife and her siblings were formula fed. My kids were 100% formula-fed as well, because my wife decided she didn't want to waste her time pumping. Both generations are perfectly normal and healthy. We all caught COVID with only minimal symptoms.
Not having to breastfeed took an enormous amount of stress off my wife, and allowed us to split the work of raising our kids more efficiently
In Canada, I've heard that breastfeeding has been taken to a religious morality war, where some parents had to sneak in formula into the hospital because the mother couldn't either breastfeed properly or weren't producing enough, or simply didn't want to.
There are some advantages to breastfeeding and some disadvantages. I think the narrative of companies in the 3rd world trying to hook low-income families on formula should be considered a crime. But there's nothing inherently wrong with formula and it raises perfectly healthy children.