There is a huge difference in migrating manufacturing internally in a country and shipping it abroad. Internally it is still part of the nation and the nation still benefits.
Apparently in China both of these factors are a good bit less than compared to the US to offset the cost of shipping these goods here.
Yes, nothing like slave labor where labor costs are kept artificially low by the power of the state's guns (by the way, where is the economic freedom in China? Or does it only apply to America in the context of shipping our factories there?) where the workers are basically slaves of the statesand the state's chosen "capitalist" agents (mostly party functionaries and military generals or their immediate families) and have ZERO right to negotiate prices or work conditions. Furthermore, China is one of the most polluted nations in the world with millions of acres of agricultural land lost yearly to desertification. But hay, it's cool, we should have that here and like China, we should also have ZERO worker safety laws, after all, if they can absorbe 10,000 industry FATALITIES each and every month, why shouldn't we?
Maybe you were taught such in some socialist hellhole that passes for a school, but in reality America was built on the tenants of Freedom.
Life, liberty and the pursuit of happiness is what the Declaration of Independece talks about.
The Constitution sets down rules on how the Federal Government is to operate which mentions nothing about restricting capitalism or Business practices.
The Bill of Rights enumerates things the government is not allowed to do like restricing free speech or unreasonable search and seizures, etc.
"...the very fact that a corporation has to be registered and falls under governance laws shows that it is not a wholely independent entity."
OK, if we take that approach YOU have to be registered with the government as well (Drivers license, Marriage license, Income taxes, Birth Certificate, etc.) so by your definition your rights can be restricted as well. This idea you are putting forth has been tried before but most of it ended when the Berlin wall fell.