Absolutely correct. To think otherwise is to accept the USA as an economic colony of China.
Take a look at the American System early in our history.It was proposed by Alexander Hamilton. Also, see the work of the German economist Friedrich List. Their work would have to be refined and updated but would apply to the correction of today’s screwed up economy. The economic policies of the last 50 to 60 years have systematically destroyed our economic base. Wealth is only created by the transformation of raw materials into usable goods.
American economic might is the victim of a cosmopolitan mentality which favors “The World” over our nation.