I imagine that early settlements will be, more or less, run by the bondholders that financed them. Bondholders should probably be given some power in a future Martian Parliament, perhaps in an “upper house” type capacity. This is what I suggest in an upcoming essay “Imagining our Martian Government” publishing on Feb 29th. Travelers to Mars should be under no illusions though, life is going to be extremely difficult for the foreseeable future.
Government by bondholders is one option, there are plenty of possibilities. SpaceX revenue is expanding exponentially with Starlink and Starshield, suggests a good amount of funding available for Mars colonization when they are ready. Currently SpaceX envision government by direct democracy, i.e. a referendum is held on all major issues, although SpaceX may effectively become 'bondholders' due to their continued support.
I imagine that early settlements will be, more or less, run by the bondholders that financed them. Bondholders should probably be given some power in a future Martian Parliament, perhaps in an “upper house” type capacity. This is what I suggest in an upcoming essay “Imagining our Martian Government” publishing on Feb 29th. Travelers to Mars should be under no illusions though, life is going to be extremely difficult for the foreseeable future.
Government by bondholders is one option, there are plenty of possibilities. SpaceX revenue is expanding exponentially with Starlink and Starshield, suggests a good amount of funding available for Mars colonization when they are ready. Currently SpaceX envision government by direct democracy, i.e. a referendum is held on all major issues, although SpaceX may effectively become 'bondholders' due to their continued support.