Fauci is at the pessimistic end of the scale - but imo more realistic - talking of the first vaccines being only 50% effective. That would still be a huge advance
It would be a big advance, but not enough to neutralise the threat of Covid to flu-like levels. Instead of 500,000 deaths in an unmitigated scenario, we have 250,000.... Even if these figures are overstated by a factor of 2, or even 3, that’s still bad.
This is why I’m increasingly leaning to allowing population-wide immunity to build up in non-vulnerable groups. Admittedly this poses huge problems, and is no silver bullet, but it may be the only realistic way through.
I had, perhaps naively, hoped that suppression of the virus since the Spring would - coupled with effective test and trace - enable us to keep a lid on infection levels whilst allowing us to open up as a society, albeit retaining some social distancing measures and restrictions, until an effective vaccine could begin to be rolled out at the end of this year, or the start of next. Implicitly I had presumed - again perhaps naively - that the vaccine would be sufficiently effective to allow social distancing measures to be dispensed with once the vulnerable had been vaccinated.
For me, the scales are now beginning to tip in favour of a managed herd immunity approach. However, my mind isn’t made up, and I’m open to persuasion and strong arguments!