this post was submitted on 20 Dec 2024
57 points (100.0% liked)
askchapo
22815 readers
440 users here now
Ask Hexbear is the place to ask and answer ~~thought-provoking~~ questions.
Rules:
-
Posts must ask a question.
-
If the question asked is serious, answer seriously.
-
Questions where you want to learn more about socialism are allowed, but questions in bad faith are not.
-
Try [email protected] if you're having questions about regarding moderation, site policy, the site itself, development, volunteering or the mod team.
founded 4 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It’s not though. It’s just how supply bill works in most countries.
The Central Bank cannot create new money without the order from the Treasury, and the Treasury spending has to be approved by the Congress/Parliament, which comprise of elected representatives.
That’s how “democracy” is supposed to work, though there are many things we can criticize about liberal bourgeois democracy. In other words, the government is supposed to “work for the people” and is not supposed to create new spending without the explicit approval of representatives elected by the people. This is what would happen in a workers-run enterprise.