I feel that in this current climate of fear in the world, the panic surrounding the Corona Virus is the collective demon that is really showing people the nature of fear in their minds and the vulnerability of the people on the planet.
Of course, this virus is a real health issue and needs to be addressed with a serious and global response. But at the same time, this Corona Virus is waking people up to our unity as a planet and how fragile the whole world really is. So in a way, this is a very positive thing! Strange that sometimes what seems like a terrible event in our lives can often be a mirror showing us where we really are abiding in our minds. Wake up calls for growth often take the form of painful experiences - this pandemic is like a collective call to wake up and grow.
There is a yogic ancient story told in India that I believe is relevant to the current issue of the Corona Virus: