Sweden's wealth is made possible by the relative abundance of natural resources for its size and population: it's population (~9 million) is just a bit larger than that of the San Francisco Bay Area, but it has a GDP of $443.718 billion (i.e., higher per capita than most American states, including California).
It's all a matter of perspective IMHO.
Of course, I'm generally leary of "solutions" that come out of the gov't but that's another story...