It's not a fantasy land. It's called Sweden. Estimates are placing the actual IFR at about 0.5 to 0.3%. For comparison, the seasonal flu averages 0.1%. A country in the middle of a coronavirus epidemic looks mostly like a country that's not in the middle of a coronavirus epidemic, save for 3-5x as many people dying of coronavirus as the flu. Saying that it's not wise to devastate one's economy over such an illness is a perfectly reasonable position.
I would love to be able to look inside your head and see what you think society would look like right now in the middle of an uncontained global pandemic with everyone just going about business as usual, continuing to pack bars and restaurants, no companies cutting back on jobs, etc. It's an utter, complete fantasy land.