There is still the technology, the people.

While you're not wrong, just because the model doesn't work doesn't mean there isn't still value there.

If you are presented with the choice to shutdown a company or have it live on in another company saving some jobs. I would think the second is the better option.

It is possible that the only reason the business model doesn't make sense is not having a diverse enough of a catalog so research in a specific thing can be justified by multiple products.

The technology can be sold. As for the people, they entered in a contract with a business. If the business does not pan out, I don't see why they should be "saved". If the failure was due to bad leadership, there will be another company in the same sphere. And the value of these skills is rarely tied to the product itself.

That’s a very lopsided agreement. And I’d prefer to live in a society where workers are treated with some level of dignity and respect.

Workers rights are orthogonal to socialism for businesses. And there's more opportunity for abuse when companies are "too big to fail". Business survival should be tied to market fit and the ability to attract talent and retain them, not handouts and acquisitions.

Workers (people in general) should be taken care of (provided a floor for quality of life) by the government.

Let them eat cake, amirite?