Many person years were lost: https://www.cdc.gov/nchs/nvss/vsrr/covid19/excess_deaths.htm
I sat in the ICU as my father died and listened to the many ventilators as a result of policy failures. I had lots of time to contemplate possible policy decisions. Pretending that the only possible choices were "do nothing" and "do something stupid" is not useful to the discussion or any future policy decision.
There is really no example of a country that successfully "did something well" as a matter of policy; the countries that fared better in terms of death rates did so on the basis of their demographics or their cultural habits. Countries with younger or fitter (less obese) populations did much better. Countries with more group-minded cultures, like the East Asian countries, did better, but those countries are also much less obese so it's unclear how much the habitual masking in those places helped. If you have counterexamples, I would love to hear about them.
In the end, there's not much policy-wise you can do in the face of a highly transmissible airborne disease that's not actually deadly enough to scare people into staying away from each other. Governments can issue as many policy decisions as they would like in the moment, but in the end everyone is going to get it, and some will die.
Long-term policies that encourage people to actually be healthy would help a lot more; but instead many countries, and especially the developed Western ones, did the opposite and encouraged or forced people to stay home, next to their refrigerators, in fear, away from laughter and joy from their social groups, all the while demonizing those who broke the arbitrary and capricious rules at the same time that political leaders were visibly flouting their own rules. I suppose we can agree that we learned a lot about what not to do for the next pandemic.
e.g., Those countries that paid only the sick to stay home were smarter than those who locked down everyone.
We should have invested in the infrastructure that will be of use in the next pandemic.
There are many obvious good policy decisions other than "do nothing".
I do realize that in the country run by Democrats, Republicans, and Trumpers that nothing useful will happen.
Is "training more doctors and nurses" an obviously good policy decision? The same resources that go into training medical professionals can be used to accomplish other things that might be more beneficial for society. Building more hospitals? The same. None of those things come for free, so I don't share your certainty that anything is obviously good.
And considering how stupid some of the decisions we made were (with the benefit of hindsight, to be fair), "do nothing" is actually one of the better policy decisions that we could take with us for the next pandemic. I would sincerely hope that we don't normalize some of the behavior we experienced from the part of the policymakers.
Looking at excess deaths per capita: https://www.economist.com/graphic-detail/coronavirus-excess-..., I don't know that there is a clear conclusion to be drawn that some countries really did better than others in Covid-related policy-making. Sweden of the famous "do nothing" approach to Covid had roughly the same excess deaths per capita as did France or Israel, both with much greater restrictions in life.
Same with the differences between US states: I see no discernible differences, and the degree to which I do see differences, it seems random. Why does Vermont have a slightly higher rate than Massachusetts? They share a border and are culturally similar. Why are the rates comparable between California and Florida? They have had radically different policy responses.
But I fear that all this nitpicking is bogging me down from making the real point, which is that reducing excess deaths or increasing the average life expectancy is not the purpose of government. Otherwise, just plug us all into cocoons a la The Matrix and keep us safe and alive for a long, long time.