The Third Republic of Las Cortes de Iberia is a massive, genial nation, ruled by Largo Caballero with a fair hand, and remarkable for its otherworldly petting zoo, keen interest in outer space, and stringent health and safety legislation. The compassionate, hard-working, democratic population of 1.984 billion Iberians hold their civil and political rights very dear, although the wealthy and those in business tend to be viewed with suspicion.

The medium-sized, outspoken government juggles the competing demands of Education, Industry, and Administration. It meets to discuss matters of state in the capital city of Cadiz. The average income tax rate is 41.0%, but much higher for the wealthy.

The frighteningly efficient Las Cortes de Iberian economy, worth 293 trillion Pesetas a year, is broadly diversified and led by the Information Technology industry, with significant contributions from Tourism, Arms Manufacturing, and Retail. Average income is an impressive 147,830 Pesetas, and evenly distributed, with the richest citizens earning only 2.2 times as much as the poorest.

The most penniless demographics have by far the highest number of researchers per capita, the army consists of only generals and grunts, grinning punters say that casino roulette is the greatest high that life has to offer, and debates on whether toilet seats should be left up or down are increasingly commonplace. Crime, especially youth-related, is totally unknown. Las Cortes de Iberia's national animal is the Retinto, which frolics freely in the nation's many lush forests, and its national religion is Pastafarism.

Las Cortes de Iberia is ranked 31,406^th in the world and 37^th in The Kodiak Republic for Most Subsidized Industry, scoring 5,517.5 on the Gilded Widget Scale.