At this point covid is endemic. This means that your probability of catching it is 1. "Mass psychosis" is a good term for continuing to impose restrictions on society which no medical experts think will halt the spread of the virus.
Despite good news lately I do not believe we're at endemicity quite, or that probably of catching is 1. It will probably take time for governments to discover and adjust to a changing situation.
Aside from that, I have been close to people who suffer psychosis. I'd say you're pretty wrong on that too.
