You have very restricted definition of market. Market != Stock Market. Slap of market does not mean you go down, it means the profits goes to your compititors. Rise of China is textbook example here. China made the bank, while everyone who did not have compititive labor regulations got slapped for it. Globalisation basically means States getting slapped for not being competitive.

There are whole categories of companies/products (OVH/ProtonMail/etc) due to NSA. So yes USA got slapped for it too just not as visible as Rise-of-China.