People always tend to complain about things like groupthink. Doesn't mean it isn't real, just rarely a concrete problem. Sweden has a ton "first world problems" like status, fear of missing out, vanity etc. Still absolutely nothing compared to social pressure in most of the world. As you probably know things like engineering go back hundreds of years. Tons of successful Swedish inventors, artists, actors, athletes etc.
The American Dream is alive in Sweden. The prime minister is a foster child and welder by trade. Daniel Ek and Markus Persson both grew up under less than ideal conditions and are now billionaires. And if one thinks Sweden is too small most people have the tools to move, like Fredrik Eklund.
That said, it isn't like 10-15 years ago when it seemed like Sweden was spared from many of the worlds problems. Housing inequality, dysfunctional politics, call for easy jobs, lesser standards, less access to social safety net etc. All large but common problems that make "the deal" a lot less appealing. Tons of people moving to UK, Berlin or Norway for work or just trying to have a decent life.
I do think it is a bit of a bubble. To many cocktail parties, consulting companies and incubators, not enough substance. It isn't really clear whether there will actually be a lot of new extraordinaire companies. I think most people are more concerned about their mortgage.
Because if there is anything I would attribute to recent Sweden's success in technology it just that in end of '90s, early '00s Sweden was a really good deal. A decent apartment, good employment and good infrastructure was all available. A lot of people in technology didn't even bother with university. But nothing was "glamorous". So if you wanted to do something you had to do it yourself.
Today everyone is looking for the guarantee. Going to school for 5-6 years, huge mortgage for the rest of their life and chasing money in consulting. I get it, just unlikely to produce anything different.