The billionaire co-founder of Home Depot Bernie Marcus said that most young people are fat, lazy and stupid with no motivation to work…
“I’m worried about capitalism,” Marcus told the Times. “Capitalism is the basis of Home Depot [and] millions of people have earned this success and had success.
“I’m talking manufacturers, vendors and distributors and people that work for us [who have been] able to enrich themselves by the journey of Home Depot.”
“That’s the success. That’s why capitalism works.”
Laziness in America isn’t a new topic that Bernie came up with out of thin air. NPR, yes, NPR, reported on laziness in 2011 (they wouldn’t dare to report on laziness in 2022) and noted research that concluded Americans at the time were working 26 minutes a day less than 2007 and were “goofing off more.”
In today’s business climate, Home Depot may have been able to only open 15 or 16 stores, Marcus said, compared to the 2,300 locations the retailer currently has scattered around the U.S. For Marcus—an unabashed supporter of former President Donald Trump, often to his own company’s chagrin—the reasons behind today’s unfavorable environment include the current administration and the “woke” establishment’s involvement in business.
The future of capitalism is in big trouble, according to 93-year-old Home Depot co-founder Bernie Marcus and freeloading losers are to blame.
Government-backed socialism that encourages a lack of motivation is killing this country, Marcus told the Financial Times in an interview published Thursday. “Nobody works,” Marcus told the media outlet.
“‘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,’” Marcus said. “Nobody gives a damn.”
Bernie’s list of the biggest losers tearing down this country includes (in no particular order of being the biggest losers):
• Biden
• The wokes
• News media
• Harvard graduates
• MBAs
• Lawyers
• Accountants
And fat, lazy, stupid people.
To be sure, America isn’t known for being a socialist country. And Marcus’ comments came at a time when the U.S. unemployment rate sat near a historic low of 3.4% (although it has edged up slightly to 3.6% since.)
But a 2022 poll from the Victims of Communism Memorial Foundation showed that 70% of millennials say they are either “somewhat likely” or “extremely likely” to vote for a socialist candidate.
“I’m worried about capitalism,” Marcus says. “Capitalism is the basis of Home Depot (and) millions of people have earned this success and had success.”
When meetings and classes moved online due to the pandemic, business at Zoom Video Communications (NASDAQ:ZM) flourished.
But as the economy reopened and employees started going back to the office, there have been concerns about the growth potential of this video communications company.
Over the past 12 months, Zoom shares have fallen a staggering 41%.
But many people — even some who are not “too lazy” — would prefer to have the option to work from home. And it might not be that detrimental: a Harris Poll survey in May 2022 found that 59% of hiring managers said remote work positively impacted their companies.
In the wide-ranging interview, where Marcus—worth over $5 billion according to Bloomberg—touched on everything from his reputation as a prolific philanthropist to his inclination for Milton Friedman’s business-first interpretation of economics, the former CEO lamented capitalism’s slow demise in the U.S. while criticizing the “woke people” he thinks are eradicating free speech.
A Home Depot spokesperson told Fortune Marcus’ comments do not represent the company. Marcus retired from active involvement with Home Depot in 2002.
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