An excellent article from Jonathan Kay published last week, echoing the points that Eumaeus has been making for the last month.
The more aggressively that our leaders act to suppress the spread of COVID-19, the more quickly the crisis will pass, and the sooner we will all be able to return to normal daily life. The decisions we make now could mean the difference between a global recession and a historical event on par with The Great Depression.
The good news is that we definitely can suppress COVID-19, even if no cure or effective vaccine emerges. We know this because it already has been done in the most populous country on Earth.
He cites the effectiveness of the Chinese response in slowing the growth of the virus almost (at the time he was writing) to a halt.