The original player of this nation state has moved on, but did not want to see it die off. It is currently being held in trust by The Grendels, for the day when the original player returns to the game. They've logged in a couple of times since then, just to say hi and to see if the shared password was still in effect, but have otherwise been absent from the game. We did get them their currently snazzy flag that they now sport though.
The current model of this nation is of the ultimate libertarian state, like a technologically advanced version of Somalia. The government literally does nothing for you, including protect you from people with less morals and more power. If it can find a new way to turn its back on the people, it will. Meanwhile the corporations can pretty much do whatever they want, because nobody is regulating anything.