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This routinely happens everywhere on the planet. We could protect our citizens from being in car accidents, getting murdered, etc. But those all cost money, and we have made a decision to not spend more money(to hire lots of police, to build lots of public transport) to prevent those deaths.

If we want companies to keep making drugs, we either socialize them and pay them from our taxes, or we let them make profits.

Drug research and production is extremely expensive. And so are the recalls and the lawsuits.

Everything costs resources. Whether you account for that in terms of money or some other method is irrelevant.