The Third Republic of Paledonn is a gargantuan, socially progressive nation, ruled by Henry Paulson Jr with a fair hand, and notable for its smutty television, frequent executions, and complete absence of social welfare. The hard-nosed, hard-working, democratic, humorless, devout population of 26.968 billion Paledonnians hold their civil and political rights very dear, although the wealthy and those in business tend to be viewed with suspicion.

The tiny government is dominated by the Department of Industry, although Defense and Education are also considered important, while Spirituality and Social Policy receive no funds. It meets to discuss matters of state in the capital city of Berlin. Income tax is unheard of.

The frighteningly efficient Paledonnian economy, worth a remarkable 7,811 trillion Doubloons a year, is driven almost entirely by the private sector, which is broadly diversified and led by the Arms Manufacturing industry, with major contributions from Tourism, Retail, and Book Publishing. Average income is an amazing 289,665 Doubloons, but there is a significant disparity between incomes, with the richest 10% of citizens earning 840,113 per year while the poor average 79,101, a ratio of 10.6 to 1.

Bar brawls are an hourly occurrence, the arms industry is strictly regulated, the nation's politicians are known more for the internet memes they spawn than any of their accomplishments, and preservative-laden Paledonnian cheeses will be as edible when archaeologists dig them up next millennium. Crime, especially youth-related, is a serious problem, with the police force struggling against a lack of funding and a high mortality rate. Paledonn's national animal is the Eagle, which is also the nation's favorite main course, and its national religion is Christianity.

Paledonn is ranked 16,024^th in the world and 1^st in U R N for Most Developed, scoring 88.16 on the Human Development Index.