The Fabulously Socialist Empire of Mundiferrum is a gargantuan, genial nation, ruled by Thouris I of Idlewild with an even hand, and renowned for its museums and concert halls, multi-spousal wedding ceremonies, and restrictive gun laws. The compassionate, cheerful, devout population of 16.348 billion Mundiferrorum are fiercely patriotic and enjoy great social equality; they tend to view other, more capitalist countries as somewhat immoral and corrupt.

The enormous, corrupt government juggles the competing demands of Education, Environment, and Healthcare. It meets to discuss matters of state in the capital city of Gladialbus. The average income tax rate is 99.9%.

The frighteningly efficient Mundiferri economy, worth a remarkable 3,132 trillion P-Funds 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 mostly made up of the Tourism industry, with significant contributions from Information Technology and Book Publishing. Average income is an impressive 191,632 P-Funds, and distributed extremely evenly, with practically no difference between the richest and poorest citizens.

The realistic depiction of tentacles is on the core syllabus of most art schools, sales of disinfectant wipes have skyrocketed, the government is more interested in identifying problems than fixing them, and modelling agencies send their clients to work in nursing homes. Crime is totally unknown, thanks to a very well-funded police force and progressive social policies in education and welfare. Mundiferrum's national animal is the Cat in a Pumpkin Costume, which frolics freely in the nation's many lush forests, and its national religion is Isolandian Orthodoxy.

Mundiferrum is ranked 234,796^th in the world and 12,945^th in The East Pacific for Lowest Overall Tax Burden, scoring -1007.92 on the Hayek Index.