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Leonard Pokrovski

added blog Economics
2026-06-01 19:54:37 -

Free market vs command economy
Free Market vs Command Economy: One Trusts People, the Other Trusts Planners The Most Important Economic Question Most People Never Ask Walk into any grocery store in America. Take your pick. A neighborhood market. A giant warehouse club. A family-owned shop on a busy corner. Now stop for a second and look around. Thousands of products. Fresh fruit shipped from another continent. Milk...

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Leonard Pokrovski

added blog Economics
2026-06-11 03:11:59 -

Are global markets safe?
Are Global Markets Safe? The Question Investors Keep Asking—And Usually Ask the Wrong Way Every few years, investors rediscover fear. A war breaks out. A currency collapses. A government falls. A stock market somewhere on the planet drops 20% in a matter of weeks. Suddenly, people who spent years talking about opportunity begin talking about safety. I've watched this cycle repeat...

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Mark Lorenzo

added blog Financial Services
2023-06-06 19:49:43 -

Beyond GDP: other ways to measure the economy
Key points Gross national product, or GNP, includes what is produced domestically and what is produced by domestic labor and business abroad in a year. National income includes all income earned: wages, profits, rent, and profit income. Net national product, or NNP, is GNP minus depreciation. Depreciation is the process by which capital ages...

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Leonard Pokrovski

added blog Economics
2026-06-06 17:02:35 -

Can free enterprise lead to inequality?
Can Free Enterprise Lead to Inequality? The Question Nobody Wants to Answer Honestly Walk into any room in America and ask a simple question: Does free enterprise create prosperity? Most people, regardless of political affiliation, will eventually say yes. Now ask a second question: Does free enterprise create inequality? The answer, if we're being intellectually honest, is also yes. The...

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Leonard Pokrovski

added blog Economics
2026-05-07 17:36:53 -

Capitalism vs socialism (theoretical view)
Capitalism vs. Socialism: A Theoretical Struggle Over Power, Incentives, and Human Nature There is a peculiar habit in modern political discourse. People speak of capitalism and socialism as though they were consumer products—two brands competing for market share, each with a logo, a slogan, and a loyal customer base. One promises efficiency. The other promises justice. One celebrates...

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Leonard Pokrovski

added blog Economics
2026-06-06 17:01:11 -

Does free enterprise create wealth?
Does Free Enterprise Create Wealth? The Most Misunderstood Success Story in Economic History Walk into any thriving city and look around. The cranes towering above new construction sites. The restaurants packed on a Tuesday night. The warehouses moving products across continents. The entrepreneurs pitching investors. The workers earning paychecks. The retirees living off investment...

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Dacey Rankins

added blog Human Resources
2026-03-30 17:36:16 -

Does Offshoring Cause Job Losses?
One of the most debated topics in global economics is whether offshoring causes job losses. When companies move operations, services, or production to other countries, it often raises concerns about unemployment, wage pressure, and economic insecurity in the home country. However, the relationship between offshoring and job loss is complex. While some jobs are eliminated or relocated, others...

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Leonard Pokrovski

added blog Economics
2026-05-07 17:32:33 -

Free market vs government intervention
Free Market vs Government Intervention There is a peculiar habit in modern economic debate. Advocates of free markets often speak as though markets emerge in pristine form—self-correcting, frictionless, almost constitutional in their neutrality. Advocates of government intervention, by contrast, frequently imagine the state as a benevolent engineer capable of correcting every social...

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Leonard Pokrovski

added blog Economics
2026-02-05 23:57:09 -

Has Brexit benefited the UK?
Has Brexit benefited the UK? When the United Kingdom voted to leave the European Union in 2016, supporters of Brexit argued that the country would regain control over its laws, borders and money, and become more flexible and globally competitive. Opponents warned that leaving the EU would weaken the economy, reduce the UK’s influence and create long-term uncertainty. Several years after...

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Leonard Pokrovski

added blog Economics
2026-05-07 17:24:09 -

How accurate are economic predictions?
How Accurate Are Economic Predictions? There is an old temptation in economics: the belief that enough data, enough computational power, and enough technical sophistication will eventually allow economists to forecast society with the precision of astronomy. Gross domestic product will rise by 2.4%. Inflation will stabilize in the third quarter. Unemployment will peak in May and retreat by...

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