I don't agree with such a policy for any industry. Do you want to send developers to jail because of a bug in some medical, or otherwise critical software? There is your consequence.
If bad code causes the failure of somebody's medical equipment, then the company that released said code should absolutely be held responsible. I wouldn't go so far as to hold individual developers responsible because there should be a complex QC process in place before life-critical software makes it anywhere near market, but certainly the company as a whole, and potentially whatever executive fast-tracked the release of said software, is at fault.
Agreed. Similarly, the whole internet of shit phenomenon looks a lot like environmental pollution to me: People cutting corners and shirking responsibilities to increase profit leading to an internet environment infested by botnets and worms...
In certain cases. For example, there are some people at Equifax that should be held accountable. Doctors and perhaps civil engineers can be held liable in the US.