The Free Exchange Trust

It’s easy to underestimate the great institutions. Look no further than the FXT, which some mistake for a corporation. They control money, but they aren’t a bank. They control trade, but they aren’t merchants. They’re a monopoly, but they’re not a monolith. They’re a sprawling web of open hands and closed fists.Confused? Think of it this way.Claiming ownership of clusters of stars is no true power. Instead, it lies in controlling a vital element of interstellar life. The six great institutions have each managed to do this, getting all the benefits of power without the need to operate as a traditional government or corporation. The Free Exchange Trust did this with trade. They don’t do the trading themselves, but the traders can’t operate without them. Traders need loans to invest in stock, orbitals to drop the cargo, and they get paid in Frags. Guess who controls all those things?Controls, not owns, right? Look, I didn’t say this would be simple.The institutions have surprisingly few…