(just kidding, why not retailers?)
From the Oxford University Press blog:
The current COVID-19 emergency has much to interest students of politics. Does it demonstrate that authoritarian regimes are able to tackle a pandemic rather more easily and efficiently than liberal democracies? Given the origin of the virus, what does it tell us about our relationship with non-human nature? Is the pandemic a product of globalization? What does it tell us about population size and density? What does it tell us about the nature of politics itself?....MORE
Perhaps the most significant factor for students of politics is the role of the state. Ironically, in the United Kingdom, the arrival of the virus has achieved, in terms of the state’s reach, more than even the most ardent Corbynite could have dreamt about. Not only has the state intervened to shore up the economy – by, most notably, agreeing to pay a significant part of the wages of those economically disadvantaged by the health emergency – it has also taken unparalleled measures to control our everyday movements.
Arguably, though, the state should do more.
One of the most pervasive images of the present COVID-19 emergency has been the panic buying and stockpiling of food and toiletries. Rather oddly, when state intervention and control has become the norm, the state has not sought to formally ration supermarket produce. Instead the accent has been on the moral dimension. Those who have stripped our supermarket shelves of food and toiletries have been described, amongst other things, as selfish, greedy, ignorant, and immoral. The government has sought to reassure people that there is more than enough to go around and has appealed to their better nature – be reasonable when you shop, think about what you are depriving others of.
In actual fact, stockpiling has nothing to do with moral character but has everything to do with a collective action problem identified by rational choice theory. Rational choice approaches to politics and social organisation have become an increasingly important branch of the social sciences.
Following a deductive logic, the (reasonable) assumptions made are that human beings are essentially rational, utility maximisers who will follow the path of action most likely to benefit them (and their families). This approach has been used in game theory where individual behaviour is applied to particular situations. This reveals how difficult it can be for rational individuals to reach optimal outcomes. That is people might not cooperate even when it is in their best interests to do so.
This collective action problem can be illustrated by the classic rational choice instrument, the prisoner’s dilemma. In this scenario, two people suspected of being involved in a robbery are arrested and interviewed separately in a police station. There is insufficient evidence to convict the pair of robbery but there is enough evidence to convict them of a lesser charge, whatever that may be. The suspects have a choice put to them by the police, to either keep quiet or to betray the other with different penalties imposed depending on their choice. Three outcomes are possible....
And the one-percenters flaunting their wealth