The tragedy in Mexico City's Zócalo square serves as a grim reminder that even joy can carry a price tag. Three fatalities have been reported during World Cup festivities, with panic spreading faster than a liquidity crisis. The British Foreign Office has issued a warning to tourists, advising them to steer clear of large gatherings.
One can only calculate the human cost of such events and question whether the authorities have hedged their risk properly. The market for public safety seems to have corrected itself violently, and the yield on human life has turned negative. This is a stark lesson in the volatility of collective euphoria.
