Page 21 - The 40 Ch. Book by James Hong or 洪祥智

Marx Karl Marx criticizes capitalism. Communism may be

better.

5.5 The negative impact of poverty

1. Now the Great Depression. The Great Depression. 2018 and
2019.

2. Poverty may induce/create, lead to crime
3. Poverty can lead to suicide. Poverty kills most people

5.6 Looking for a job

1. The job search site for the US government is stupid, try to
apply it.
2. Too many graduate and university graduates increase

competition, especially in Taiwan.
3. USA work requires the specific majors and work experience;

no one can find a job.

5.7 Employers and labor
The employee gave the company $100 to buy, and the company

gave the employee $100 in salary; neither saved. One person
spends $100 and gives $80. One person gets $20 and the other
loses $20.

The salary of 100 dollars is 80 dollars, so the expenditure is

lower than the salary. For a profitable company, hire 2 (2x $
100) income is 80 x 3; 1 person is unemployed.

5.8. Explanation of the 2008 US financial crisis:
1. ​ American home mortgages are packaged into investment

financial products.
2. ​ Americans cannot pay mortgages, no money, and their

homes are legally auctioned
3. ​ Investors and banks are harmed because they/people have

not repaid their home loans.