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.
"Read a newspaper or book someday. It will prevent you from looking entirely stupid."
I guess you really don't get this. You might start by reading this article. These armor kits are made by government employees at a government arsenal. The arsenal commander says they could produce more but can't get the steel. The steel manufacturer says they could up production by 22% yet the arsenal hasn't asked for more steel. Government employees and a government plant. There is no finer example of the effects of a protected industry.