I think it depends on shopper and circumstance.

For some shoppers the cheaper item works. For others wanted a better qualiy item isn't unrealistic, and both are offered on the shelves.

Add to it, you may want a meh quality hammer when you're just doing work that would really wreck a nicer one

Globalization is a good thing. If nations are involved in mutual commerce and trade, that cements relations and facilitates understanding and peace.

What went very wrong was greed. Every single corporation in the world moved to capitalize on China's cheap labour and plentiful workforce. And that provided a lot of power for China and other nations, power they are now capitalizing.

The CoViD scare, with the commercial chain of supply broken, was an harsh recall that having thw entire production sector on the hands of a few of countries comes at a steep price.

Let's reindustrialize. Spread production, have redundancies, competing entities.

Hate to be a downer but murder, invasions, genocide, and imperialism is more of a general humanity thing. China had it's warring states, Japan had Unit 731, and Cambodia had the Khmer Rouge just to name three examples.

Pretty much every large culture, religion or empire in the history of the world is one of murder, invasions and genocide. That's kind of how they get big, and it's in no way unique to the modern (last couple hundred years) western world. History is littered with psychopaths all over the world attempting to conquer the world and slaughtering everyone in their path to greatness.

Oh yes innocent peaceful China, certainly not the worlds longest running imperialist country ever. How many hundreds of millions have been killed in wars by China?

True :(