Chapter 783 It’s a sin to give the money to the poor (the fourth update, please subscribe)

Every day in Daming brings surprises to many people, especially to those who are new here.

Since coming to this land, it has brought Morgan too many surprises and astonishments one after another.

What are these surprises and delights?

Of course it’s a business opportunity.

As a businessman, he always sees many potential business opportunities.

As usual, after a day of sightseeing, Morgan sat in an open-air restaurant near the park, enjoying a Chinese meal while looking at the people walking and playing in the park in the distance.

"Kecham, look at their lives..."

Morgan said in a rather emotional tone, pointing at the people in the park.

"After work every day, they can take their families to the park, or have a good meal in a restaurant. Their homes have not only electricity and gas, but also hot water for bathing. Their houses are located in gardens. Although they are apartments, the environment is very beautiful. Their children can receive a good education. All of this is unimaginable in the United States."

Morgan's words made Ketcham agree deeply.

"That's true. Who can believe that they are just a group of ordinary workers?"

Looking at the people on the street, there was even some jealousy in his tone. Even though he lived a richer life in the United States, he was still jealous of these people, because in his opinion, such a life was definitely not what ordinary people should enjoy.

"When we were in the United States, we never thought that ordinary workers could live such a happy life. Almost everyone's face was filled with happiness and satisfaction. It is difficult to see all this among American workers."

Seeing happiness on the faces of American workers?

"Is it possible? What kind of work do they do every day? Ever since the advent of electric lights... the electric lights invented by the Ming Dynasty, American workers' working hours have been extended to 17 hours. God can testify that even so, their income is barely enough to make ends meet. They live in slums full of sewage and diseases. Their families are crowded in small rooms. Men and women are dressed in extremely indecent clothes. Children grow up like hooligans and have no chance to receive education at all."

There was no sympathy in Morgan's tone, only contempt from a superior position. Yes, he had no sympathy for ordinary people at all. In his opinion, there were only two kinds of people in the world, the poor and the rich. The reason why the rich were rich was because most people were poor. Only in this way could the rich continue to live a wealthy life by exploiting the poor.

If the poor are no longer poor, will there still be rich people? After all, there is only so much wealth, and either the rich occupy the majority, or the rich have to share the wealth with the poor.

So from this standpoint, no rich person wants to see the poor become rich. In their opinion, it is even immoral to make the poor rich.

"If the workers in the factory have their hands or legs cut off by machines, that is their own fault and has nothing to do with the factory. But here? They actually provide workers with work-related injury insurance. For good disability, workers can not only get free medical treatment, but also a considerable amount of compensation. Can you believe it?"

Ketcham said with deep conviction.

"That's right. This is simply a waste of money. After all, the factory owner has to pay for this. It is a considerable expense for the factory owner. It is also extremely inappropriate. Those workers got hurt because they were careless. What does this have to do with the factory? The factory owner would be very kind if he paid him an extra month's salary."

If it is a naked topic, they don't feel any pressure or any psychological burden when talking about it. For capitalists like them, they have never cared about the lives of ordinary people, let alone the well-being of ordinary people.

"He is using the factory owners' money to buy off ordinary people! I mean the emperor and officials of the Ming Dynasty. They are using this method to gain the support of the people. Of course, this is a waste."

The views of capitalists throughout history have been surprisingly consistent. They always have ideas about blessings and the like. As for sharing wealth with others, it is of course a waste in their eyes.

In other words: What a sin, giving the money to poor people...

"But it doesn't matter!"

Morgan said as he picked up the glass and took a sip of whiskey.

"What we can see is that while paying a lot of wages to workers and wasting a lot of profits on those things, their profits are still extremely considerable, just like their steel company, what guarantees the profits of Dahua Steel?"

"Their equipment is very advanced. The iron-to-coke ratio of their blast furnaces is only 0.93, while the iron-to-coke ratio of American iron mills is generally above 1.5, and some factories even exceed 2! The consumption of coke is twice that of the Ming Dynasty."

Morgan deeply agreed with Ketcham's words.

"That's true. Advanced technology allows them to use less fuel and produce more steel. I've analyzed that the cost per ton of steel produced by Dahua Steel may be 50% lower than that of the United States. Do you understand what this means?"

Morgan said, looking at Ketcham.

"Even though Congress has imposed a 28% tariff on imported steel rails, Ming steel companies are still exporting steel rails to the United States. Last year, the United States imported more than 200,000 tons of steel rails from Ming. If you introduce Ming equipment and start a steel company, the profits will be extremely considerable, my friend."

Gazing at the park in the distance and watching the people strolling in the park, Morgan's mind emerged with the neighborhood he had visited. Thinking about the beautiful environment in the neighborhood, Morgan had only one thought in his mind - giving money to the poor like that was simply unforgivable!

"So you want to start a steel company?"

Ketcham looked at Morgan, curious.

“Aren’t we here to build a hydroelectric power station?”

"Yes, the hydropower station is the most important. A hydropower station can provide a steady supply of electricity, and electricity is the real future. In the future, whoever controls electricity controls everything. We have seen a lot in the past few days."

"If we have enough funds, investing in steel companies would be a good option, but this is not the best option right now."

Just then, someone walked up to their table and asked tentatively.

"Excuse me, are you Mr. Morgan?"

(End of this chapter)