Lydia Anderson, Staff Writer
The coronavirus pandemic has knocked the world off its feet, from the United States dropping stock markets to the national closure of all nonessential businesses. One effect on individuals is that, out of fear for the potential long term consequences, many people have resorted to buying unusually large amounts of products like hand sanitizer, toilet paper and many other things.
A local Walmart during the Coronvirus pandemic, taken by Lydia Anderson
Conclusively, panic buying can drive up the prices of essential goods and take them out of the hands of those who need them most. Those who participate in panic buying are ultimately harming the collective, because much of the population are unable to purchase necessary items. So, only a few financially able individuals bought out a store’s supply until further notice. The issue with stopping it is that people find it difficult to believe that the majority can be wrong. Even if there are a few that do not participate, they are often left without the necessary supplies. Panic buying may help a small percentage of people, but ultimately harms the majority, The anti-productive nature of panic buying yields the negative emotional response. There have been fights amongst people over who is able to purchase the needed items, which is definitely more harmful than helpful. While sources like The Preparedare stating one should be prepared to stay inside with resources ranging from two weeks worth to 90 days worth, websites like Reason.com are saying that it can be expensive and takes resources from those who need it most. Sources like Tutor2u and Minnpost explain panic buying and go on to say how defying the urge to “follow the pack” and not panic buy and deplete already limited resources will ultimately be beneficial. It proves to be more harmful than helpful.
