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Economic bubbles have been boons to human progress. The canal building bubble, which you could argue is the first truly modern bubble boomed, then bust. And the infrastructure that was built is still paying dividends centuries later. Even though all the companies that built them went bankrupt.
The rail bubble happened in the 1800s, and the companies involved in it that built the rail infrastructure went bankrupt, but their infrastructure is still paying dividends almost two centuries later.
The great depression, which during it, there was a speculative boom in electrification, automotive, radio, built the infrastructure that was the foundation of the modern world.
The dotcom bubble built the infrastructure that enabled the modern internet. The fibre optic infrastructure that was laid during it was extremely capital and labour intensive because everywhere it was laid, the ground had to be dug up. It's still paying dividends three decades later and the internet depends on this infrastructure. Those cables are going to be good for a very long time, and modernising it, they just replace equipment on the ends of the cables.
the real estate bubble during the GFC, if it hadn't happened the housing shortage right now would be a 20 million home shortage instead of 3 million.

These bubbles, they involved pain in the short term, but in the long term they really paid off even if the companies that built these things weren't around anymore to reap the benefits.

If there wasn't an overbuild, and a bust, much of this infrastructure would have been too expensive to scale its uses. But because the companies that owned the infrastructure went bankrupt, the assets were sold for pennies on the dollar, and dirt cheap infrastructure enables innovation that wasn't even imaginable at the time it was built.

We got fucked over by there not being an atomic energy bubble. Try to imagine what essentially free electricity would enable. We should have already been living in that world.