The Magocratic Empire of Olwe is a gargantuan, socially progressive nation, ruled by Emperor Jason Frost with an even hand, and remarkable for its hatred of cheese, punitive income tax rates, and devotion to social welfare. The hard-nosed, hard-working, cheerful population of 19.165 billion Olweans enjoy extensive civil freedoms, particularly in social issues, while business tends to be more regulated.

The large, liberal government juggles the competing demands of Education, Environment, and Law & Order. It meets to discuss matters of state in the capital city of Nariel. The average income tax rate is 68.0%, and even higher for the wealthy.

The large but inefficient Olwean economy, worth 995 trillion greenleaves a year, is highly specialized and led by the Book Publishing industry, with major contributions from Tourism, Arms Manufacturing, and Information Technology. Average income is 51,923 greenleaves, and evenly distributed, with the richest citizens earning only 3.0 times as much as the poorest.

Sales of disinfectant wipes have skyrocketed, attempts to inform people about their unclaimed property are often mistaken for telephone scams, signs at the border tell international drivers where they can put their cars, and athletic teenagers are among the wealthiest members of society. Crime is totally unknown, thanks to the all-pervasive police force and progressive social policies in education and welfare. Olwe's national animal is the unicorn, which is also the nation's favorite main course, and its national religion is Not Applicable.

Olwe is ranked 231,710^th in the world and 1,211^th in 10000 Islands for Lowest Overall Tax Burden, scoring -17.02 on the Hayek Index.