Blog No 8

1.  I agree with Smiths ideas that without agriculture, our economy would suffer. Smith is more of a logical thinker so he's right in that kind of standing. He satisfies my curiosity because many people get their wealth from our agriculture and manufacturers, without them we wouldn't have the things we have now.

2. In today's time, it's all about the items you own. The more you have the wealthier you are. We would label wealth as the type of house you have, the type of car you drive, the looks of your clothes, and anything else someone might describe as luxurious. A secure investment would have to be a savings bond because it's the one sure way you won't be losing money in the process.

3. I disagree with Smith. Although I like his idea of the process, I feel like that only would have worked back in the day. Today the process would be more like schooling, technology, foreign commerce. Today education and technology over rules agriculture and manufacturing.

Blog No 7

An affluent society is when material benefits of prosperity are widely available.  America is an affluent society because we have items such as TVs, cell phones, computers or any other item someone might find as a luxury. Having a affluent society means that items such as those listed before are available to almost everyone, even those who are who aren't wealthy seem to have this items as well. 

It is up to the government to help the people who lost their jobs due to companies finding cheaper labor. Now those people have to compete against all the other citizens who have lost their jobs for any open positions. With technology improving more and more each year, Americans are being hurt because less jobs are being needed.