Clearcutting is a good way to go, as long as the land is replanted with a mix of trees. Putting it back in a single species limits the species of wildlife which will live there. If the timber companies want clearcutting, then they will have to comply with regulations, just like everyone else.
In the sixties when I worked for the Forest Service while going to college, we planted mostly Douglas Fir in the clear cuts.
The reason why was because Douglas Fir is not a great competitor and need several years to establish themselves before other species that are more competitive crowd them out.
We also planted other species depending upon the environment and the lay of the land.