The miracle of textiles is an artifact of the past. In order to make the insane supply chain make sense, the product is cheapened to the minimum viable level. Most of what happens today is financial engineering.
My old ring-spun champion sweatshirts from the 80s:90s are a much better and cheaper product than most stuff on the market today. All made (farmed, spun and sewn) by US labor in South Carolina or New York.