The idea that "If corporations can't do whatever they want, including put everyone's lives at risk, nobody will be able to have anything nice" is a commonly seen argument but of course it's a lie. Companies might make less profit if they had to act responsibly but they'd still make profits. Those that failed to don't deserve to exist and should get out of the way so that a more efficient and capable company can take their place.
The same argument could be made for all kinds of unreasonable demands. If there were products that couldn't be profitably made and sold without slavery do you think we should all just accept that slavery? We, as a society, make choices all the time that certain products, industries, and practices aren't worth the costs. Sometimes it's perfectly fine to bankrupt companies and kill entire industries to do it.
By all indications child porn could be a massively profitably industry. For a long time it was. As a society we decided that crossed a line, and we petitioned our government to outlaw it and enforce that regulation on the porn industry. The economy didn't collapse when we did. It's just as reasonable for the public to decide to demand better safety from the chemical industry and ask the government to regulate that as well. It's been done many times in various forms already. The economy didn't collapse then either.
We'd agree that there is a middle ground to aim for most of the time though. The problem we have now is that government is being bribed to ignore what voters want and roll back many of the regulations we demanded. Incidents like this one remind us that companies should be expected and required to do better, but as long as government can keep accepting piles of cash in exchange for ignoring the rest of us it's not going to be easy to convince the government to do their job. There's also been an increasing amount of voter suppression to make it harder to fire and replace corrupt government with people who will do their job.