Without a vaccine, it seems clear that only isolation (when a country or community still hasn't been infected by the virus) and social distancing (when it has) are the only valid strategies to stop proliferation of the virus.
When all this story started I wondered what's the point of isolation or very strong social distancing measures if eventually you're going to have to face the virus (vaccine is estimated to be no earlier than 12-16 months). With isolation or severe social distancing you are not exposing your population to the virus so in the end you are just postponing the problem but not its magnitude.
I have done some simulations to illustrate this:
Quickly a huge % of the population gets infected. The situation is unsustainable in all respects with a R0=2,4 mortal virus.
Severe social distancing for 6 consecutive weeks. Infection curve gets flattened and we gain time because the infection spread is delayed by more than 2 months. BUT after that you have to face the virus again (probably imported from other countries) and most of your population has never been exposed to it, so in practical terms you start from scratch like in scenario 1.
Same 6 weeks of social distancing as in the previous escenario, but spaced in time (2 weeks social distancing + 2 weeks open). The infection curve gets flattened in three ocasions. There are important infection peaks but much more affordable than in scenario 2. Economy gets closed for the same amount of time, but allowing activity periods. Most importantly a high % of your population has got exposed to the virus so you are much better prepared to face the virus again than in 2.
In my opinion the main conclusion of this exercise is that extremely severe isolation or social distancing could in the end be both economically and from a healthcare perspective, more harmful than allowing some periods of contact of the population with the virus.
Anyone wanting to play with the simulator you can find it in:
coronavirus_simulator_STRATEGIES.xlsm, and a short article explaining a bit here:
Flattening the coronavirus curve.
Regards