The chapter takes the three standard complaints a government of the period would make about its population and returns each of them to the government, in an identical grammatical shape repeated three times.
The people are hungry because those above eat too much in taxes, which is why they are hungry. The people are hard to govern because those above act, which is why they are hard to govern. The people take death lightly because those above pursue life so thickly, which is why they take death lightly.
The repetition of the conclusion inside each sentence is not a translator's awkwardness; the construction closes on itself in the original too, and the effect is of a verdict being read out three times.
The middle item is the book's central doctrine in one clause. What makes a population ungovernable is not its ignorance, its appetites or its numbers but the fact that those above act, and the word is the same one negated throughout the text in the phrase rendered non-action.
The third is the sharpest and the least expected. A population that holds its own life cheap is usually explained by hardship or by ignorance. This chapter explains it by the intensity with which the rulers pursue their own living, which makes the connection one of contrast rather than of cause, and leaves the mechanism to the reader.
The closing line turns the argument inward: it is only one who does not make a business of living who is worthy to value life. The fault named at the top of the chapter, eating too much, is answered by a definition of what valuing life would actually be.