Political Memes

I feel like, and maybe I'm wrong, you need strict price controls on any market to prevent this. That said, say the US did this, for instance. Suddenly, I assume US companies with large domestic consumer bases would start trying to expand their reach because they couldn't just jack up prices on US consumers.

If you want markets, I think you have to accept the rise in prices (limiting the effectiveness of the wage increase) or accept that domestic companies will have to compete more internationally (which should be what capitalists want, you'd think, but could in theory be bad for some foreign firms, like if a US megacorp set its sights on out-competing Canadian firms, for instance).

Idk. I'm not an economist, but it seems like there are drawbacks no matter how you do it in a market economy. Maybe someone has literature on this topic (since it comes up a fair bit irl)