The People's Republic of Isovet is a huge, genial nation, renowned for its irreverence towards religion, punitive income tax rates, and devotion to social welfare. The compassionate population of 772 million Isovetians are fiercely patriotic and enjoy great social equality; they tend to view other, more capitalist countries as somewhat immoral and corrupt.

The enormous, socially-minded government juggles the competing demands of Administration, Education, and Healthcare. It meets to discuss matters of state in the capital city of Solyang. The average income tax rate is 84.2%, and even higher for the wealthy.

The strong Isovetian economy, worth 55.0 trillion People's Won a year, is driven entirely by a combination of government and state-owned industry, with private enterprise illegal. The industrial sector, which is quite specialized, is led by the Information Technology industry, with major contributions from Tourism, Arms Manufacturing, and Woodchip Exports. Average income is 71,287 People's Won, and distributed extremely evenly, with practically no difference between the richest and poorest citizens.

School plays were recently banned due to concerns of child endangerment, the nation's air missiles have killed thousands of Brasilistan military personnel, the government is ignoring the latest terrorist atrocities in Solyang for fear of causing a fuss, and a typical fast food menu item could serve a small army. Crime, especially youth-related, is totally unknown, thanks to a very well-funded police force and progressive social policies in education and welfare. Isovet's national animal is the Dove, which soars majestically through the nation's famously clear skies.

Isovet is ranked 255,183^rd in the world and 12,194^th in the South Pacific for Lowest Overall Tax Burden, scoring -118.96 on the Hayek Index.