Central Air Conditioning and Heating means that any factory can be placed anywhere on Earth and be as productive as any other factory. This means that all manufacturing will ultimately tend to be located in those places with the lowest wages and laxest worker and environmental regulations. This might jibe with Smith's economic treatise, but it would have appalled the Smith who wrote the moral treatise.
Since when did Adam Smith have access to a typewriter or angle poise lamps with electric lightbulbs? Did Adam Smith have a time machine? because he is also shown standing in front of the Eiffel tower!
