Then maybe you should provide sources for these remote companies that are awful and provide proof that them being remote was the cause of that failure, not them being terrible companies in general?

Here are just some successful companies that are heavily remote-based:

Automattic (WordPress) AgileBits (1Password) Basecamp Chef Gitlab Olark Percona Plex Zapier

WordPress powers over 25% of the web, remember. They have been remote since the beginning and have hundreds of employees.

I've worked remotely for many years. There are good companies and bad, but I've never seen evidence a company failed because it was remote and you've provided no data or examples. Companies fail for a multitude of reasons, but you're essentially saying that successful remote companies are a fluke. Nonsense.