There is an expression in the world of capitalism “The solution to high prices is high prices” Basically, this means that if the price of something rises to a level that it is actually a problem then two things will happen: 1, users find ways to be more efficient with less supply, 2, the high price incentivizes higher production.
An example of this playing out would be the oil prices of 2014. When prices kept breaking through new thresholds every week, even peeking above $140 per barrel at one point, new oil production was brought online. Some of the production which was brought online required a high price to be viable at all such as the oil sands in western Canada. The reality of that oil is that it is far more expensive to access than most other oil sources and needs an abnormally high oil price to be a viable business. When all the new production in the world came online prices bottomed out at around $25 per barrel. This became impossible to ignore, as those who had heavily invested in the expensive oil sands started screaming bloody murder that their investments weren’t panning out, blaming taxes, environmental regulation, and of course “god damn lefties”, basically everyone and everything in the world except themselves for the fact that they over committed to a bad bet.
Change gears to the mechanics of Democracy 4 and the rare earth crisis. This doom bubble is basically impossible to prevent in a long enough game, is only countered by government intervention, is a nightmare to get rid of once it’s popped, and the private sector does not react at all. Certainly a price shock would have economic consequences, and part of that would be the private sector reaction. If the prices of these metals went sky high you would see Apple, Android etc. going back to the drawing board to produce their gadgets with less of these metals in order to compete with one another. You would also see producers looking to capitalize on the prices by cranking out production, you would see new prospecting etc. What you would not see is a red doom bubble which never goes away.
With this in mind, I recommend the following changes:
-Remove or reduce the “year” impact on the crisis.
-Add a self reduction to the crisis. It’s existence would down tick itself. This would also mean that as soon as the bubble disappears it would start ticking towards a return, which is realistic. Markets oscillate in real life, and humans with investment portfolios over and under react to these oscillations, often hysterically.
-Add inputs from international trade and currency strength. At 50% these should have a neutral input, reduce the crisis at high levels and exacerbate the crises at low levels.
-Add an input from pollution controls. The mining industry is not well represented in this game, so it’s just tucked into GDP somewhere, and mining regulation is tucked into pollution controls. Regulation would have a secondary effect of making mineral resources less available.