The Scandinavian Kingdom of Icoland is a colossal, socially progressive nation, notable for its museums and concert halls, national health service, and smutty television. The compassionate, democratic population of 5.6 billion Icolandians love a good election, and the government gives them plenty of them. Universities tend to be full of students debating the merits of various civil and political rights, while businesses are tightly regulated and the wealthy viewed with suspicion.

The enormous government prioritizes Education, with Industry, Environment, and Healthcare also on the agenda. It meets to discuss matters of state in the capital city of Östreinsburg. The average income tax rate is 95.8%.

The frighteningly efficient Icolandian economy, worth 801 trillion Icoes a year, is quite specialized and led by the Information Technology industry, with significant contributions from Tourism, Book Publishing, and Basket Weaving. State-owned companies are common. Average income is an impressive 143,175 Icoes, and distributed extremely evenly, with little difference between the richest and poorest citizens.

Freedom is never freely given — only when the alternative is too expensive, arguments about toilet seats being left up or down get surprisingly heated, couples kissing on the street are detained for 'unlawful exchange of genetic material', and East Lebatuckese astronauts' favorite game during downtime on the Multinational Space Station is 'I Spy'. Crime is totally unknown, thanks to a capable police force and progressive social policies in education and welfare. Icoland's national animal is the Orca, which frolics freely in the nation's sparkling oceans.

Icoland is ranked 9,305^th in the world and 81^st in Europe for Most Subsidized Industry, scoring 9,912.78 on the Gilded Widget Scale.