How do you deal with bankruptcy? Also most companies, even larger ones with seemingly a well-managed board, actually rely around the aura of the founder.

> call it End Of Life with flagrant issues still happening

It's precisely because there are unreasonable issues that they EOL them. Retiring products because of issues should be encouraged.

How? Well all products should be sold as a service - medical devices are, even if they appear as a purchase, they have strong post-market surveillance requirements. But that makes everything super expensive. It's only affordable for rich economies like Singapore.