Regulations usually kick in shortly to mitigate crisis like this happening, just like the 2008 financial crisis regulation. Without regulation no economy in the world can sustain another similar hit within the next decade.
That's true. There is always a tendency to fight the last war, especially when it comes to bureaucrats. That said, of all of the things that could really knock us out, I'd still put viruses among the smaller threats.
Societies that are able to accurately assess risk and their ability and cost/benefit to mitigate it will tend to outperform societies that don't.
