The Krezil Stock Market Crash
During the Terran Decline Krezil became the chief commercial city in the Fasantauri System. This cities import should be noted as it affected the conditions of the Early Imperium. Particularly in regards to its corporate-familial structure. At some point in history which is hard to pinpoint, the social structure of a corporation had become something akin to that of a clan. Speculations for the motivations of such an odd change range from a shrinking labor pool, to increasing corporate control over employee private lives. Little archaeological evidence worth noting has been recovered from the Terran Decline, and even less from before. This scholar, unlike some others, will not speculate into the details of such a shrouded period.
Nevertheless, it is apparent that at some point, not too long before Hypertravel became possible again, the Stock Market in Krezil experienced something of a crash. As one might imagine, stocks in that market were not so much shares in the individual corporations as they were shares in the particular ventures the corporation might spawn. As is so often the case in rampantly capitalist systems, groups formed to manipulate the system to their advantage. In this case, the group was the Bafiktuy Executive Decisions Committee. As its later offspring the Bafiktuy Intelligence Directive would later do for the Empire, so did the Committee do for the Bafiktuy Family-Coporation.
Leading up to the crash, the Committee had apparently started to marshal minor clans to its cause. Other, more resistant Family-Corporations began to coalesce into opposing alliances. So while the Committee eroded trust among the political forces, they were also uniting into ever-larger, ever more powerful groups. Eventually, something had to give. The Stock Market lost all utility and the groups had no more use for each other. Accounts vary as to the severity, but some sort of conflict ensued across the Fasantauri System.
The end result was the formation of the BID, and a widespread collapse of the Family-Corporate social structure in the system. Relics of this structure persisted into early empire, but, by that time, broader social forces were also in play.
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- Imperium Edition Index
- Fasantauri System
- Bafiktuy Intelligence Directive
- Terran Decline
- Hypertravel
- Bid