Comment by qayxc
19 hours ago
> Long distance/time dependencies could develop and be naturally maintained via complex decentralized indirect but intertwined economic arrangements.
But that would require causality-breaking FTL, no? Otherwise the speed of light itself would create enough of an obstacle to make any trade impractical. Property rights only work if they are enforceable, which is the case on Earth but not over interstellar distances.
If a system is distributed enough, with complex financial and legal dependencies, a great deal of indirection becomes stable, because to violate the indirection would put so many direct relationships in peril.
And when there is reliability, even over vast distances and time, that future-value can be traded as today-value. With risk assessments of course, but this is how a great deal of the economy works. More and more of the economy, as it becomes growth and innovation focused, operates on the currency of expectation.