American cars were once the pinnacle of design and quality, envied by the world. Apparently now airliners too.
As a proud, fully enfranchised American, I believe Capitalism and free market is basically good - but there are limits. Capitalism is the same as food, water, shelter, and clothing... there is such a thing as too little, and such a thing as too much.
I must repeat an admittedly over-simplified, angry comment I made... the only possible solution to this is to have certain categories of things where corporate capitalism is set aside, and typical cost-cutting measures made illegal. We already have that on the books regarding public safety but there are no "teeth" to it. Because of the lure and power of money, I'm afraid we need to have real-world Stalin-esque penalties for the people at the top, and let that fear trickle down. Life in prison, loss of assets, transfer of assets to the victims, etc.