I've seen this argument made elsewhere and I think there's truth to it. But I think it still goes a little far. The argument goes "Sweden didn't lock down or issue stay-at-home orders, but they still have engaged in substantial social distancing..." Yes, they've canceled large events and university, and people are traveling less, but Swedish life looks VASTLY different from life here in Michigan. If you walk down the street in a Swedish city, you will see people coming and going from stores, dining with friends in cafes, mostly mask-less. Kids are in school now and will be again in the fall (not sure about summer camps but I imagine they are a go). Those things are currently illegal where I live, and even when allowed will be substantially restricted.
Sweden's strategy is coherent, sustainable, and forward-thinking. That said, it may turn out be wrong. What I find irritating is people claiming that their strategy has failed because of how their numbers look today, or last week (their death rate is worse than Ohio's and better than Michigan's, both similarly populous regions with significant lockdowns, and that's meaningful or helpful... why exactly?). Right or wrong, we won't really know for a while because it is by definition a long-term strategy. They have said so explicitly, (paraphrasing): "a year or two from now, we'll all be in the same place, but we will have gotten there with much less disruption". Even if their economy isn't spared, the singular fact that their kids will have stayed in school this whole time will have to be viewed as a huge success. Again, if it works.
Lastly, I dislike the insinuation (and sometimes the explicit accusation) that Sweden has taken a huge gamble with the lives of their citizens, that their strategy is inherently and unacceptably risky. Yes, they've taken a risk. Haven't we as well? We've embarked on an unprecedented and unproven societal and economic lockdown, which has certainly crippled us and may not even achieve what we want it to achieve (preventing death and suffering). Again, our strategy may be right and Sweden's may be wrong, or vice-versa, but to say that they've taken a risk and we haven't is just disingenuous. And this is public health; by definition, we are discussing matters of life and death. Any action or lack of action has life or death consequences. Sweden's, and ours. We still have to grow up and consider cost/benefit and risk/benefit to any intervention.