Look at what society had devolved to even before this virus came, up here they would close schools because a few inches of snow are forecast, or it's supposed to be real cold. And about half the time the forecast is wrong. The seasonal hurricane hysteria is another good example.
People have been trained to fear everything, hide and cower from danger, believe the worst before even seeing the first.
What has happened here is perfectly predictable, except instead of shutting down school for a day or two, they put 40 million people out of work, people that may never come back.