People tend to stock up in preparation of times of scarcity such as when our ancestors laidup extra food in preparation for winter, but there is a fine line between hoarding and being prepared.
Preparation is when we estimate our needs and store enough goods to supply those needs and the coming time of scarcity. Hoarding is when we store much more material than we could ever expect to use during the coming time of scarcity.
Often hoarding is a form of selfishness. We are afraid someone else will get what we need, or we think that having a large excess will give us power or control over other people.
Panic can also result in hoarding. In a panic, people often buy irrationally without any concern for what they will need or how much they will need. For example, a clerk at the hardware store told me that when the current coronavirus panic started, he had 10 one gallon gasoline cans on the shelf. One woman came into his store and bought all 10 cans. Now, perhaps she foresaw the need to have to store some gasoline, but why did she have to buy all 10 cans? Her purchase was irrational and prevented other later customers the opportunity to buy a gas can.
Our local stores suddenly ran out of milk and eggs. Yes, it’s good to stock up on food if you might be shut up for 14 days, but is it rational to strip the shelves clean? Eggs store pretty well and are a good source of protein, but what about milk? Milkhas a limited shelf life and can quickly go sour in the refrigerator. A person with a large number of children at home may buy several gallons of milk and use them, but I wonder how many of my neighbors have milk going sour in their refrigerators because they bought more than they can use.
More interesting is that the stores have been stripped clean toilet paper. With the prospect of being quarantined for 14 days you may not want to run out of toilet paper and buy an extra three or four rolls. It may be wise to even buy one of the large bags full of rolls of toilet paper, but is it rational to fill your cart up with toilet paper?
A former employer of mine runs a paper mill the produces about 500 tons of toilet paper per day this is approximately 590,000 rolls of toilet paper produced by one paper mill. Is it rational to think there will be a shortage of toilet paper? Yet in countries around the world stores have run out of toilet paper.
Fortunately toilet paper has a good shelf life, but should not these customers have spent their money on something more useful to them than an excess of toilet paper? Perhaps instead of all this toilet paper and all the fresh milk it would be wiser to buy some canned goods or some powdered milk.
True, we are in a crisis because of a worldwide pandemic. Yes, the schools were closed and we’ve been asked to stay at home with our children. Certainly it is wise to be prepared with some supplies, but let’s apply little common sense. Estimate what you will need for supplies. Purchase that amount plus perhaps an extra 10%. Make sure that what you purchase can be stored without spoilage.
Above all, I think we need to keep our neighbors in mind. Let’s leave some goods on the shelf for neighbors who will be getting to the store after us. They will need to eat and to use the toilet just like we do.
By the way, hoarders of paper stuck with their big supply. Costco at least one not allow toilet paper to be returned.
https://www.zerohedge.com/personal-finance/costco-hoarders-discover-they-cant-return-toilet-paper
Reynold Conger spent 30 years as a chemist in the paper industry. Even taught science and math at the high school level for eight years. Now fully retired, he writes fiction as a retirement hobby. He writes his books from a Christian perspective. Please visit his website, ReynoldConger.com.