TL;DR: you're right, but the system is broken and doesn't play in our favor, however, I am aware there's a lot more that goes into that than what we're discussing here
I would say there is an inherent problem with the system when it comes to drug trials itself if a whopping 33% of drugs are recalled simply because the trials aren't long enough to catch the dangerous sides. It's clearly a for profit model over making the world a better place by helping people. Not that making money is a bad thing. But money made with the knowledge that some people will be hurt/die is not acceptable. And there's all kinds of evidence to show the latter is more true.
If you listen to what Brigham Buler has to say, they don't give all the information to the FDA and set trial guidelines to, like mentioned, paint the study in the most positive light for the company researching the drugs, not for the end consumer.
I'm definitely not here to cry about it or argue, there's nothing in life that doesn't come with some sort of risk. It's just shitty those risks are passed on to us without the full knowledge because trials and approvals are just things to give an illusion of safety when you peel back the drapes and the sunlight comes flooding in. I don't think there's a cabal of people rubbing their hands like Scrooge McDuck, but I do believe people at the top have their hands tied with fiduciary responsibility to the share holders of their companies.
There is also more to it than just this. There's a whole system at play here. And over time it's gotten to this point of essentially being a scam in my opinion. If you know about the inner workings of the machine, then it comes a lot more clear that medicine today isn't about healing, it's about money.