I agree. But I find two problems with your proposal:
1- Maintaining a mirror of dependencies can be a non-trivial overhead. In this app that I was working on, the previous devs had forked some gems on github, and then added that specific github repo to the requirements. But they did not do it for every dependency, probably they did not have time/resources to do that.
2- As a corollary to the above, sometimes the problem is not the package itself but compatibility among packages. E.g. package A requires version <=2.5 of package B, but package C requires version >= 2.8 of package B. Now I hear you asking "then how did it compile in the frist place?" probably the requirement was for package A v.2.9 and package C latest version, so while A was frozen, C got updated. This kind of problems is not solved by forking on Github, unless you mantain a different fork of each library for each of your project, but that's even more problematic than maintaining dependencies themselves.
P.S. At least for once, it wasn't "my fault", I didn't build that app LOL ;-)