Corporate organisations are “stupid” in that they don’t learn very effectively (pdf) and in most cases, improvements to productivity and new innovations tend to come from new firms entering the marketplace with new ideas, not incumbents making incremental improvements.
To what extent this is true will vary by sector: in the UK during the 1980s, 90% of all productivity improvements (pdf) in manufacturing came from firms exiting and entering the marketplace. One look at the cut-throat history of the tech market suggests it is probably in a similar ballpark.
Improvements in productivity is the same statement as the society getting richer. And entry and exit is how this happens.
Another strategy is to tackle the problem from the other end – reduce the need for firms to go bust in a market, and so in turn reducing the frequency of crashes. Achieving this would have the added benefit of reducing the other associated costs of a bust for involved labour and capital, as well as consumers.
Therefore we should deliberately limit exit and thus hamstring entry so as to make sure that the society cannot get richer.