Consume Tariffs
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> No they don't. That's the point. (...) Will prices rise? In the short term, possibly until the market regulates to the new conditions
I find it funny how you came to my same conclusion by the end. Its really simple, if you want to sell oranges to your neighbor for $3 but he can get them for $1 a town over, you will have to lower your price or potentially lose business. If a tax comes in to make the competition $5, you will likely raise your price $3 or more. In turn.
> capital remains within the closed circuit of local economies
Sound logic. But the government takes 30-50% on income and then ~10% on sales and on all the materials and tools needed, and more taxes on the land and the factory and many other various licensing fees. The money hardly stays within our local economy. Most of it goes to bullshit like USAID.
> The U.S. invented the computer chip
Things that used to be affordable become unobtainable to the lower classes. I spent $30 on this device. What's the American equivalent? 1000+ probably. Computer chips are a great example of a product necessary to our economy that would become so expensive that itd be ultimately unaffordable to most people.
Not if the competition in your own market remains. If someone else can start an orange business they can undercut you to gain a foothold in the market. This is the nature of business and markets and the reason we are in this predicament to begin with. The Chinese can undercut American companies on price because their "overhead" is less than their competition.
Prices always approach zero while quality goes up. The only way a non-governmental monopoly can exists is buy having the best quality good at the lowest price possible. You must literally eliminate all competition and possibility for competition. This is why non-governmental monopolies have never existed, and if they do, it will be the best product imaginable and good for the consumer.