There was also a lot of politics behind the Concorde discontinuation that had nothing to do with pure economics.
Having said all of that, our cheapness does seem to be doing harm to a lot of industries over time, where if you want to buy a new product your choices are like a dozen shitty things made by the lowest bidder in China or 2 "premium" choices that are only marginally better than the cheap shit at like 5 times the cost. Something similar to the capitalistic middle-class squeeze we have been going through seems to apply to product choices as well.