Blog 8

I agree with Smith's natural progress of opulence, it still makes sense to today's society too. People where I live are farmers mostly. Farmers and people who work in factories make good money. But some people prefer the farming life over working at a factory. It did become the way he says it did. Everything he says about how the country got rich is correct. The raw goods had to come from the country, then the city made the products and it was a exchange between products. Things still work like that in today's society. 

In today's time what we would see as riches is big houses, nice cars, better electronics. An investment for them would be these things. If I was rich I'd want a mansion, maybe a Tesla, and I'd have the newest iPhone and accessories. Celebrities and wealthy people nowadays use social media to show off all their nice things. Even there are TV shows dedicated to the already famous. 

I believe that Smith is still correct about the way the economy works. Manufacturing is bigger in other countries than the United States, Basically everything we see in stores has a Made in China sticker on it. We can get things from there for cheaper than what we can make it in the United States for. We as a country are still big on agriculture we see fields of corn, tobacco and beans everywhere. Now the new thing is Hemp and that will bring big income to the U.S. I think farming is still bigger than manufacturing even know there are lots of factories too. But in another way I could see foreign commerce being bigger than anything because of the products we get imported in. That is a whole lot of our economy.