He is 100% correct. It is not our responsibility as consumers (or especially through government intervention) to ‘save’ existing companies. This is business, if you want to survive, make a product people will pay you for.
Sandy Petersen, the designer of Doom, Quake, Call of Cthulhu, and Age of Empires, responding on social media to fans asking how to save Blizzard:
"We don't need to save Blizzard. We didn't need to save Microsoft or id Software or Ensemble Studios or Atari. We don't need to save ANY game company. If they die, they die. They will be replaced with new, likely superior game companies. Gaming continues."
The man who helped build the foundations of modern gaming says let the industry's legacy studios die. Is he right?