Except US has also hollowed out manufacturing becoming increasingly dependent on rival China (even for defence equipments), has been increasingly losing its sphere of influence (both soft and hard - ask anyone in Africa who wields its soft power there China or US; or look at the Afghanistan fallout), and there is very little bipartisanship left while everyone is busy fighting cultural war.

One can hope at least de globalization is a partial outcome of this post covid realignment if ever one.