Sweden’s startups will raise $5 billion in 2026. Our secret sauce is 150 years old

How long can a country punch above its weight before someone needs to check the scales? For decades I’ve heard Sweden be called “small” or “scrappy”, usually in the same breath as describing one of our many economic knockouts. It’s time we moved up a weight class. Our success is a tonic for all the European doomerism we’re reading at the moment. The typical analysis of our continent — low growth, little liquidity, endless bureaucracy — doesn’t apply to Sweden.…