Is the Federation even a democracy? Its flag is just the UN flag... IN SPACE, which suggests an intergovernmental body. And by the TNG era it gives off a kind of European Union vibe (atheistic gay technocracy, smug yet complacent assumptions of its own supposed benevolence, pretending to value diversity while imposing stifling conformity where everyone is pretty much the same except for funny forehead bumps).
It's not a dystopia in the 1984 sense (or what Verhoeven thought he was doing in Starship Troopers), but it could be a kind of Brave New World type of hell where everyone's material needs are met and any form of cultural or ideological dissent is lovingly and ruthlessly crushed (hey... where did all the Christians, Jews, Moslems, Hindus and Buddhists go? They just magically
evolved, you say? Same thing with all those folks who sympathized with Terra Prime? Huh.)
Sure, the Mirror Universe folks are theatrically evil, but are we sure the Federation are really the good guys? What if they're literally mirror images of each other - not opposites, just different perspectives. Soft, reasonable, urbane totalitarianism versus a high camp, melodramatic, but at least
honest version of the same damn thing.
And how do we know Praxis just "exploded", anyway? That's pretty
convenient for the homo sapiens club that is the Federation, don't you think? Dilithium crystals can't melt duranium beams.
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The economics of Star Track are a mess. If it's a post-scarcity society, how do they explain Chief O'Brien?
So it's understandable that people would still want to work as starship captains in a future utopia where everybody's rich. Power, pussy and adventure will always motivate men. What motivates O'Brien? He's a blue collar guy working a lonely, boring, shitty job (I believe spiders were mentioned at one point), getting little respect from his peers and zero respect from his awful, awful wife.
He could be drinking margaritas on the beach at Risa, or something, or literally anything. But instead he's stuck in a dead end job he clearly hates, on a space station next to the puckered butthole of the Alpha Quadrant, suffering spiritual and literal torture for... what, if he doesn't need the money?