I wish I had that kind of faith in my government or equanimity about the current situation. Canada's healthcare system is in the envy of the world (and of yours truly), so I suppose it's no surprise that their reaction to Covid is more open and balanced. Here in the US, healthcare is, first and foremost, a business, and even grand social projects like 2020 are constructed accordingly. And this money-first focus has had obvious global ramifications. Operation Warp Speed was not conducted as a public health initiative--it was built up from a web of legislatively enforced financial obligations and risk-avoidance-guarantees with for-profit pharmaceutical companies. Yes, many other nations contributed to the vaccine effort on the scientific front, but it is beyond question that the US defined the terms of the project and largely funded it. And I can't help but suspect that finances are behind the absolute refusal of government (in this country, at least) to reevaluate the initial strategy of universal lockdown.
There's an obvious alternate strategy to universal lockdown: selective lockdown. I.e., voluntary isolation for elderly and vulnerable populations. I've seen it suggested a few times (only a few!) since March, and the response is always one of the following:
(1) Why should the elderly alone be punished? (They shouldn't; self-isolation is voluntary.) But if young people are allowed to do whatever they want, and the elderly are told that they're vulnerable, they will self-isolate rather than die, and so feel that they are being punished. (Are you saying that if the choice is to imprison everybody involuntarily, or just the elderly on a voluntary basis, the former is more fair?)
(2) It's impractical to isolate only the vulnerable. Their quarantine will almost inevitably be broken at some point, either by accident or deliberately, and at that point, it's the same as not protecting them at all. (This is the more reasonable argument, but it's based on an assumption that isolation is impossible, which invalidates the whole idea of isolating everybody in the first place.)
I would argue that there is no rational argument for universal lockdown. None whatsoever. It is an indefensible position when countered with the idea of voluntary self-isolation among those who are (or feel) vulnerable. You're right, there is no perfect solution. The problem is too large, the landscape of threats to human health is far too complex ever to be comprehended by any biological mind, or rationally reasoned about by any synthetic mind. The immune system evolved to solve this insoluble problem in a similarly incomprehensible way. We have encoded in our DNA nearly a billion years of problem-solving strategies related to individual _and_collective_ health. The strategies work not only on the personal scale, but on the scale of families, communities, nations and planets; and not only on the scale of specific viral illnesses, but on the scale of generations, civilizations and species. The idea that the optimization of health can be usefully regulated by the political machinations of a capitalist country like the US seems more than a little ridiculous to me. Human intervention in incomprehensible systems can only result in effectively random changes to that system. That's all a lockdown could ever hope to achieve. A flip of the coin makes things worse.