Hopefully a vaccine is discovered.
- Virtually no travel in and out of the country (goods still flow though).
- No gatherings > 50 people.
- Keep 2m away from others (except for "bubbles").
- Wash your hands.
- Masks in certain situations (not mandatory for most).
- Various limitations in place as to how businesses operate, e.g. distance between tables in restaurants, physical barriers, cleaning, one way aisles in stores etc etc.
Since I'm not the type or age who goes partying out in crowded bars or to packed concerts that stuff doesn't really bother me personally. Sure, it's no fun, but the alternative seems like a lot less fun. In my (global) company we all switched to wfh when this started and I'm fine with that.
There's lot of room for optimization/improvements. Travel might be ok to locations that have this under control, for example. We might find better solutions for keeping the transmission low. We could decide to clamp down harder and eradicate the virus locally so that we can trade off local restrictions vs. travel restrictions.
It's just between all the bad options here this seems to be the least bad. 2 years of the disease raging through the community until (maybe) there's herd immunity sounds so much worse. I'm pretty sure the Americans who think this is the way to go will change their minds come this fall assuming the current trend continues. Maybe I'm wrong... Let's catch up in December ;)
So I think this proves the argument wrong.
If you consider the other costs you're avoiding, long term issues for sick people, the cost of treating all these people in hospital, the potential for people to get sick with this multiple times (we don't know if you get any immunity by getting sick) then it's even clearer.