The root of the problem is not greed, but the lack of proper tariffs ("free" trade). When the proper tariffs are missing, companies that try to employ Americans are penalized and driven out of business.
"Free" trade pushes companies to relocate the production to the cheap labor countries. This results in trade deficit and budget deficit as imports increase and the tax base decreases.
The "free" market correction will consist of collapse of the dollar value and unablity of American consumers to buy imported products. This will resemble the Russian crisis of 1998 at the best or Argentinian crisis at the worst.
You are poorly informed and brainwashed by newspapers.
Most of our corporations are owned by "simple folks" -- through their pension funds and stock portfolios. The owners --- that, I am sure, includes you --- hire the management to make profit for them. Management of a top company requires a great deal of talent, which costs a lot of money, and that money is paid it the form of high salaries, options, etc. There is nothing privileged about that: these people made sacrifices most people do not, work extremely hard, and make a buck utilizing their talents. There is nothing more American than that.
Pressed by owners --- which, again, includes you -- to make a profit, the managers seek the best possible course of action. If a less expensive office supplier becomes available, they switch to that supplier. If a less expensive programmer becomes available, they do the same.
As for continuing business with communist China and other "Socialist states," you should be aware that (i) we have always done that with communist countries, (ii) it is a question of foreign policy unrelated to this thread, (iii) all of Europe is now socialist --- with whom do you suggest we trade?
Now, since you are a real conservatice, why is it that you exhibit misunderstandign or lack of knowledge on these rather fundamental issues?
The comments on this board indicate that within 20 years or less we will have a full socialist regime here. Ignorance of how the core American institutions work, coupled with purely socialist envy constantly fueled by the elites will lead to that ourcome.