Yep, regulation is way behind. None of this lockdown is for the public good and thus it should not exist. The demand side of the market doesn't seem to be able to balance this out (i.e. vote with your wallet, stop buying the products, they hurt all of us long term). You would need another global level actor building the replacement, in the fair, for public good manner. However due to these global corporations essentially being close to global states in power, there is very little any one nation state can do comparatively. The level of investment would be worth it, for the world, but not for any single state.