Who gives a crap if bad companies fail or don't fail? And for that matter how is it good or bad for you and me if bad companies fail or succeed despite being poorly run?
I'm curious about the context of your judgment.
If a CEO is making a tech product, but knows so little about tech that he's replacing engineers with 2025's AIs, we're all better off if that CEO goes and does something else, and those engineers go work for technical people.
Temporary stability is not a substitute for long-term prosperity. Creative destruction.
If we accept that we should be productive, then it seems easy to justify that engineers should be working at good, well run companies producing real value for society.
In practice having worked in financial services and ad tech, at high salaries in each, it was absolutely the equivalent of intellectual digging of ditches for pay. The only job I ever had that felt productive was in academia, and the pay was off the charts low.