This really boils down to the value of a human life. It is not Priceless, and assuming that it is does not make you more Ethical than me. Life is more complex than that.
So far, the UK has directly spent (apparently) about £200 billion on “mitigation” efforts, and has lost another few hundred billion in economic output. Let’s say, when the dust settles, that £500 billion has been tipped down the toilet. If CV19 had been allowed to run its course, with 70% of the population infected and a (finger-in-the-air) 3% mortality rate, a million-odd people would have died. Let’s pretend that those mitigation efforts actually worked, even though there is very little evidence that they did and that the real CFR is nowhere near 3%. Theoretically, then, we’re putting a value of half a million on a human life - specifically, a life which is nearing its end for other reasons, not (in most cases) a young and vital life.
Insurance companies are a lot more sanguine about this sort of thing. Check this out:
It’s in dollars, but you can compute that, for example, a 60-year-old with no savings, a pootling part-time job bringing in 25K a year, and a 250K house is worth 100K in life-insurance terms. A 55-year-old nurse earning 50K is worth 500K.
Very few countries can afford to chuck outrageous amounts of money at people and survive, as countries. The UK is circling the drain. And it’s not because they don’t care about the old and the sick.
But that doesn’t actually seem to be true, does it? As far as I can tell, they’re dying at exactly the same rate (from COVID-19) as the population at large. And that in itself is completely unsurprising, because the number of CV19 cases in critical care is very low, and the fraction of those 3 million workers in critical care is very small indeed. If you dispute my estimates, do you have some better numbers?