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Theoretically, the US could bring its corporations back to America by taxing their profits according to the geographical location in which value is added to their product. If value is added abroad, in China or India, for example, the tax rate would be high. If value was added domestically in the US, the tax rate would be low.
The US could also resort to the protective tariffs that were responsible for its rise as an economic power.
These changes would be difficult to enact as the changes are contrary to the material interests of the one percent.
The US today is ruled by an oligarchy of private interests. The US government is not very independent of the powerful interest groups that fund political campaigns. The US ceased being a democracy during the Clinton administration.
