This is dangerously wrong thinking.
I know it takes a lot to persuade a person to change the point of view. However, I will try and would encourage you to really read and analyze what has happened in China, Italy, etc with an open mind again. The death rate is not the primary, secondary, or even tertiary problem posed by coronavirus and is almost irrelevant. Personally, I don't care if the death rate is 0.5%, 1%, 2% or 5%, focusing on this number misses the point.
The high rate of hospital bed/critical care/vent utilization and the high transmission risk to healthcare workers are the real issues. COVID-19 is not even remotely comparable to any historical precedent in these aspects. The reality of this problem is undeniable at this point. The strain on the healthcare system (to the point of imminent collapse in Hubei and Italy) is frightening to behold. If you view the situation through that lens, you understand why a stringent lockdown is the only policy response. If you let the virus "run its course", you will end up running out of doctors, hospital beds, vents etc with a complete collapse of the healthcare system and people dying in the streets with no one to care for them. Obviously, the economy is going to tank too when that happens. I wish I was exaggerating, but I'm not.