The difference is, if they fail, you can always buy a new appliance.
For some underwhelming value of "always", and anyway appliances aren't all that engineering makes.
Off the top of my head, cases when "harms take longer to show up & disprove than benefits" outside medicine included leaded gasoline, chlorofluorocarbons, asbestos, cheap O-rings in space shuttles, the 1940 Tacoma Narrows Bridge, the use of two-digit year numbers...
cheap O-rings in space shuttles
Look at Feynman's analysis. I'd say this is a good example of disproportionate channeling of optimism.
Another month, another rationality quotes thread. The rules are: