Here is my view. First I will state I don't try to deny Covid isn't a problem per se. It's obviously contagious and poses a threat to more vulnerable groups. However, my own view on this is connected to overall context.
For example, during the height of the Cold War there was a degree of threat from Communism. However, not that huge a threat since communist countries were very poor and Soviet rockets in 1962 were pretty scant. Most were short range. Yet, there was hysteria over "reds under the beds". Fear fed off the idea of hidden communists and even John Lennon was seriously suspected.
Much earlier was witch mania. Around 1690, weird loners such as myself would be accused of consorting with the devil. In Europe it was worse than Salem and the masses truly believed in witchcraft as a major threat.
So now, the Covid phenomenon. Like Communism there's the real threat and the imagined threat. Suffice it to say, I've seen men rushing into shops and asking for toilet rolls. I honestly have no idea how this could impact upon overall survival. In 1962 people were mass buying air raid shelters due to the Cuban missiles but at least a shelter was practical! I've no idea how toilet rolls could play a similar role but feel quite sure this all stemmed from herd factors. Impulsive behaviour, that is.
Let's consider that during WW2 at least 20 million died fighting Hitler in the USSR alone, not to mention Jewish victims and Europeans. The generation at the time kept pretty calm under the circumstances.
Where are the psychologists I wonder? For a start mass stress and panic is the worst possible course of action. To date I've had people bolt from me in panic as somehow they fear I have the virus. I also wonder what will happen with regard to immunity. The way I see it and as H.G.Wells stated, it took 25 million years to evolve immunity to allow us to live on this planet. That right was earned by millions of deaths caused by bacteria. Along the way we developed natural immunity. Yet today it's seriously believed we can run and hide from microorganisms and thereby thrive. The risks posed a few short years later are open to debate. Will overall immunity weaken? My belief is it will.
By the same token would plastic air raid shelters have saved people from Cuban missiles? Not at all.
What about psychology? Surely we learned by now that mass hysteria exists for real as a mass psychosis. Though a threat may be real, it's usually amplified by phobia, panic and deeper insecurity.