If you want to restrain capitalism, then you have to do it all aspects of life. You cannot pick and choose as per your convenience. Without capitalism mindset, US would become countries like China and Russia. Are you ready to lead that kind of social life?
There is no monopoly. Manufacturing shifted out of US simply because cost of production for companies became too costly there to survive the competition. And, that happens precisely because of what you are demanding. Are you aware of the fact that Apple do not make a single phone in US but outsources almost all its manufacturing to Taiwanese companies like Foxconn. That is necessary for the survival of Apple otherwise its phones would become so costly that even US citizens would not able buy those. The more wages would go higher, the more manufacturing would shift from US.
Globalism and capitalism tend to level things all over the world. Recent progress is communication technology has hasten this process manytimes. The difference between the third world countries and developed ones would become less and less with the time in all aspects. Countries like US would have to come down to some extent and lower countries would climb some steps of the ladder. Though, some difference would always be there but not that much as it is now.
When i was in my twenties thirty years ago, the difference between the life standard of an average indian citizen and an average US citizen was of 50-60 years. In last 30 years, it has been decreased to almost half. In the next two decades, it would be half again and perhaps stabilize there.
In capitalism and globalism, you cannot help it. It would be better that US citizens realize this inevitable and start adjusting accordingly, though their leaders would never say or admit this publicly. They will continue to sell grand dreams and people will continue to buy it too.
with love,
sanjay