You are correct. What a disgrace.
"Americans' insatiable appetite for everything foreign,"
That's the line and they're sticking to it. Americans have no choice but buy foreign goods...we make practically nothing.
Propaganda is just rife in our society. They continue to sell us down the tubes and make it sound like it's our idea. Hmmmmm.
We are looking for low cost items, more bang for our buck. Retailers are giving it to us. The thing is, these items are made in China for the most part.
Walmart has done a lot to foster outsourcing. By demanding a yearly and constant 5% cost cut in its suppliers. At first it causes them to improve and stream line production (good), while it's aquisition volume makes it a key to fiscal survival. Well however, you can only stream line so far before you can't meet those yearly 5% cuts without moving overseas (bad). But the crap is cheap, almost as cheap as the social costs of retraining, higher crime rates, lower taxes, death of secondary businesses that supported the closed factories and their employees, etc.
You are correct. What a disgrace.