Pompous Elitist
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The hypothesis for that theory is that it could be as low as 20% (rather than the normal 60-70%). Let's math that out.
As was stated earlier, Sweden's population is 10.23 million, and they only have 84,294 positive tests. Which means,even if all of those people lived, they are only at 0.82% of their total population having antibodies and immunity. However, they've had 5,783 deaths, so that brings them down 0.76% of their population having immunity.
So even with the theoretical lower herd immunity statistic of 20% with antibodies, for them to reach that metric is means they about 25x additional people with antibodies, about 1,962,775. Now I don't know what their testing metrics are, but I find it hard to believe there are that many people in Sweden who had covid who haven't gotten tested.
The math just does not support the herd immunity argument in Sweden, regardless of that theory.
When the results don’t match your hypothesis you need to reevaluate the validity of your assumptions.