The measures undertaken in Sweden weren't sufficient to control the spread of the coronavirus at the start. They saw exponential growth like anywhere else that did not impose a lockdown. But the growth stopped faster than predicted by any models of herd immunity. They're now seeing 300 new cases a day, compared to 1100 at their peak. They've had about 1% of the population test positive, and about 0.1% of population die - and neither of those numbers look likely to grow significantly. You can quibble over testing statistics or death reporting, but they've had about 50% of the testing rate of Florida [0] and the excess deaths are within a factor of two of reported deaths[1].
If only 20% of people are immune to Covid-19, with a base reproductive rate of well over 1, this slowdown simply couldn't happen. The truth is there's something else going on: either it's way more infectious (but less dangerous) than realised, or more likely, a very large proportion of people have baseline immunity to the infection. It spreads rapidly through those who had no previous immunity and then burns out.
So it's not that Sweden did things right. They chose to be the control case for the lockdown experiment, and they got lucky that the virus isn't as bad as we thought. Back in March, it was a totally reasonable belief that the virus if unchecked will spread to 60-70% of people and kill 1% of those - we'd only seen the spread rates from the early days of the pandemic in China. Now, the only observation we have from leaving the virus unchecked points to a much lower number.
It's still rational for governments to err on the side of caution and wait for more data (especially on long-term effects), and to manage the pandemic to avoid saturating hospital and ICU use. But it's not rational to treat a disease that threatens to kill 0.1% in the same way as one that threatens 1%. If we see similar results in Florida - a region with good data and a reckless/casual approach to lockdown - we should see a peak in terms of new cases/day in the next three weeks and then it will be time to really accept that the risk is lower than we thought.
[0] almost all stats from https://www.worldometers.info/coronavirus/country/sweden/
[1] excess deaths from https://www.euromomo.eu/graphs-and-maps/