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.
Poppycock. Did you get that out of a box of Cracker Jacks?