We know what did happen 100 years ago with the Spanish Flu. People mostly had to keep going about their lives and millions got sick and died.
In the case of Sweden, people will counter-argue that Swedes aren't overly social anyway and people did take precautions so the end result was sort of the same for all the hubbub. Is that true? Don't know.
Estimated deaths Spanish flu - 25 to 50 million
Estimated deaths covid - 18 to 33 million
Not a huge difference, considering covid is known to be less lethal.