Well, it isn't a bad thing If all nations were investing too much for the military power since they are the primary defense against other nations, but what happened today's pandemic is an example of a biological weapon that cannot be stopped by military force.
I guess now is the time to invest more in the field of health care and pandemic response funds. Most of the countries has been overwhelmed by the spread of the virus because there was no enough funds to cover the general expense to combat the pandemic.
Once the country's economic state is collapsing, everything else will always follow suit.