To take emotion out of something that is extremely emotional...Yes, it is an interesting concept, a natural feedback mechanism, and it is a behaviour reflected in many natural systems that exhibit boom and bust cycles.
Could this be "the pandemic the earth had to have" ??
As humans, our ignorance towards the killing of mother earth is one thing.
Our ignorance towards some relatively basic health methods is another....and ironically....could become a mass extinction of our species, and go a large way towards healing the earth in the process.
Just something different to think about.
People think this is the "The Pandemic", but at this moment we are still talking tens of millions when the earth has billions of people on it. The money being spent is to stop that tens of millions number turning into hundreds of millions. It's very very serious business that makes the economic rationalist argument to save a few pennies trivial, trivial in relation to the relative potential total risk. If that number goes up an order of magnitude you'll be talking about wars as well.
Unfortunately, that leaves the solution as a people problem, and the way society's controlled behaviour unravels at the first sign of a drop in numbers is pretty pathetic. It looks like humans will keep shooting them-self in the foot with a virus laden bullet.