Ehhhhh..... you're doing the whole golden age thing. In the 40's it wasn't true. In the 50's and 60's, maybe, because half the world had been destroyed. By the 70's, other countries were producing better products again.The American manufacturing sector was quite simply the best in the world well into my adulthood. Made in the USA was the standard of excellence for virtually everything.
Those contemporary corporate leaders sure are good aren't they?