That will take years, if they ever do. Prices were artificially low due to an unbalanced (cheap) supply chain.
Shipping costs will inevitably rise, and shortages will persist unless everybody keeps more local stock. Holding stock costs money.
These problems don't get fixed quickly enough to cause a crash.
why do you say prices were low due to an unbalanced supply chain?
Free trade helps keep costs down as well as provides economic stability in countries that have little other resources to develop any type of wealth.
This is the misconception(in my opinion) of the wto.
There are certainly issues and regulations needed to ensure free trade doesn't enable what we see in China, but thats what trade sanctions are for.
But the end result, by and large is that free trade stops wars.
It stops wars. We figure out all the other shit, but we have to stop the fighting first, and to avoid the impoverished’s need to use force to take what they need to survive.
If we stop free trade, not only will our costs of goods continue to increase, but the countries who have found economical stability from it, will be pushed back into a corner and feel they will have to take by force, what they feel they need.
So to me the wto shouldn't be the focus of protests. The countries abusing free trade through civil rights violations within their country should be.
The concept of the wto or world trade is a good thing.
i will admit it is a very grey and tough spot.
Civil rights violations vs wars.
The world isnt perfect, but i think stopping wars is more important than tackling civil rights violations.
in todays world, The next world war is likely the last war.
of course all my opinions, but i think history has shown this.