Yes, it was irrational. But also behavior that (with different goods perceived as scarce in times of disaster) keeps repeating itself. A Danish supermarket chain is setting up “emergency stores” that can remain open for up to three days without power or telecom and store an expanded stock of non-perishable food and essentials. The idea is that no one should be more than 50 km from such a store, and it should prevent hoarding and panic buying, as people will know basic food will be available in an emergency. Very civilized – and an interesting signal toward a more resilient world.
Remember Covid’s Toilet Paper Hoarding Craze?
Pascal Finette
@radical