"Your theory is flawed."
It's not my theory. "Free trade" is the generally accepted theory among almost all competent economists.
"We are, vis-a-vis China, getting poorer."
Really? I thought we were paying them 'slave wages' to build our nic-nacs. How does a 'slave' getter richer than his master?
Some "competent" economists argue that "Free Trade" is a good thing. Other "Competent" economists argue that it ain't necessarily so (e.g., Samuelson.) Don't try to play superiority games.
Further, there is a really good REASON that economists do not rule nations--and it's the same reason that the military does not make final judgments in the US--they have to accept the decision of the civilian CinC.
The debate about 'free' vs. 'fair' is a political debate. The question that the politicians have to answer (ideally, in a responsible fashion) is which of these theories is better for the USA as a whole.
It's clear from you post that you have no CLUE what's going on in Red China. There are no significant "independent" corporate entities over there: all the large and reasonably important ones are actually Gummint-owned or -controlled.
Thus, we have a form of fascism, where the State and Industry (and the Military) are one gigantic entity. Thus, "corporations" do not determine a fair wage--the Gummint sets the wages, conditions, etc.
In the case of PRC, of course, human life and health is about 15th place (and they only really care about the first 10 places...) thus there are no safety, pension, health, enviro, or other controls excercised by the Gummint-Employer.
And the Military takes care of the complainers...
Read a newspaper or book someday. It will prevent you from looking entirely stupid.
Yes, apparently, unless you qualify it, it is.
Most competent economists agree with Adam Smith's EXCEPTION to Free Trade: National Defense. And while some libertarians say they also do, in fact, it is more often lip service. They never seem to see the connections between core industries and defense.
The slave is not getting rich either. And that is deliberate. The LAST thing these communist overlords want is for a REAL capitalist middle-class to take off. You are apparently unaware of the master here in this 'trade' relationship. It is the PRC/PLA.