Home Depot Co-Founder Bernie Marcus Bashes Socialism and Wokism
Bernie Marcus, the co-founder of Home Depot, believes that there are massive obstacles to entrepreneurial success in the United States.
According to a Financial Times report, Marcus listed off “human resources executives, government bureaucrats, regulators, socialists, Harvard graduates, MBAs, Harvard MBAs, lawyers, accountants, Joe Biden, the media and ‘the woke people’” as the primary obstacles towards entrepreneurial success. Marcus firmly believes that if he and his co-founder Arthur Blank tried to launch Home Depot in the present, “we would end up with 15, 16 stores. I don’t know that we could go further.” Currently, Home Depot has over 2,300 locations in North America. It has a market capitalization of $300 billion and an annual revenue of over $150 billion.
“I’m worried about capitalism,” Marcus declared in a video interview . “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.”
Marcus is of the belief that there is hidden entrepreneurial talent out there, but due to a degraded business culture and a policy environment that hinders high value entrepreneurial activity, it cannot be fully tapped.
Marcus argues that “nobody works” owing to socialism.
The Home Depot co-founder added: “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.’”
Marcus also observed that certain traditional American freedoms like free speech have been on the ropes lately. “We used to have free speech here. We don’t have it,” Marcus proclaimed. “The woke people have taken over the world. You know, I imagine today they can’t attack me. I’m 93. Who gives a crap about Bernie Marcus?”
The co-founder of Home Depot is an avid donor to Zionist causes such as the Israel Democracy Institute, a think-tank that supports democratic values. Former US Secretary of State George Shultz, helped found the IDI in 1991. “So I’ve gone from selling hammers to trying to solve some of these major health issues or education issues or other issues like Israel with the IDI,” he noted.
Marcus has also financially backed former President Donald Trump and Florida Governor Ron DeSantis.
“I give money to them because I hope they’re going to do the right thing,” he stated. Marcus believes Joe Biden is “the worst president in the history of this country.” That said, Marcus hasn’t officially decided on whether he would support Trump or DeSantis in a potential Republican presidential primary clash in 2024. He declared that Trump’s policies were “spot on.” However, he noted that “it’s going to be very interesting in ‘24 because I think that DeSantis will challenge him. And may the better man win.”
Regardless of Marcus’ foreign policy views, his concerns about entrepreneurialism in the US are warranted.
The unique value proposition of the US is its entrepreneurial culture which has made it unique among nations. However, due to cultural decay and a more interventionist set of policies, this vaunted entrepreneurialism may slowly wither away. A new class of business leaders must rise to the occasion and prevent the woke crowd from totally destroying America’s once prestigious businesses.