As you have both said, Jim and Erik, there are no easy answers.
But what is clear is that without short term lock downs, this will reach a state where it is catastrophic. I don't see any credible sources saying that the current lock downs in most of the world are anything other than unavoidable. If that serves to buy time, enabling the impact of a loosening of the restrictions (not a complete loosening) then that might mitigate both the health and economic consequences. There's no possibility that this won't be ugly, what we need is leadership that grasps the difficulty and works together to achieve the least ugly outcome.