The Scandinavian economic model has certain positives but it's hardly ideal. Collapsing population demographics, high immigration rates, and the need to increase military spending are creating a lot of pressure. But more importantly there is a severe lack of economic dynamism: in terms of major technology companies they basically have Spotify, Ericsson, and that's it. So long term they risk being left behind by the world economy, and reduced to the status of vassal states.