Home Depot Cofounder Blames Socialism for ‘Lazy,’ ‘Fat,’ ‘Stupid’ Labor Force. By Wendell Husebo.
Due to the economic agenda of “socialism,” [Home Depot cofounder Bernie Marcus] told the Financial Times, “Nobody works. Nobody gives a damn. ‘Just give it to me. Send me money. I don’t want to work — I’m too lazy, I’m too fat, I’m too stupid.’”
As an alternative, Marcus, 93, explained that capitalism is a good system because it is based on merit. …
Marcus argued that business is meant to make a profit from offering a service or product. Marcus said a business’s ability to generate profit benefits employees and customers. He also slammed those who believe business exists for “social purposes.” …
Marcus added if he and cofounder Arthur Blank tried to launch Home Depot in today’s society and regulatory environment, it would be less successful. Big government’s love of red tape, along with a lackluster labor force, especially hurts small businesses’ ability to compete with big business.
“We would end up with 15, 16 stores,” he said. “I don’t know that we could go further.”
Home Depot is a successful business. It boasts 2,300 stores in North America. Its market capitalization is $300 billion, and it generates $150 billion in annual revenue. …
Charming:
As a longtime conservative donor, Marcus supported former President Donald Trump and became one of his largest donors. Marcus’s continued support of Trump in the 2020 election cycle triggered a boycott of Home Depot, even though Marcus no longer worked with the company.
Gen Z seems unusually fragile. Society will start failing with all the current unsustainable trends, then the test of whether they can rebuild it will come.