Exponential growth of the virus spread without 'lockdown' would have overwhelmed our capacity to treat it and caused many (avoidable by 'locking down') deaths. This has been mentioned all along.
We don't know this yet. Your conclusion is essentially a neologism that proves itself.
We now have a much clearer understanding of who Covid 19 kills, and IMHO they are the people who should be protected.
Without a lockdown there would have been more spread and more people admitted to hospital. What happens when beds are full?
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Exponential growth of the virus spread without 'lockdown' would have overwhelmed our capacity to treat it and caused many (avoidable by 'locking down') deaths. This has been mentioned all along.