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Billionaire Home Depot founder 93 complains Americans are now lazy, don’t want to work and socialism destroying capitalism slams Biden

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he billionaire co-founder of Home Depot has claimed Americans are too “lazy, fat and stupid” to work hard and that socialism is to blame.

Bernie Marcus, 93, told The Financial Times that he was “worried about capitalism” in the United States, and that the responsibility lay with bureaucrats, human resource departments, Joe Biden and “the woke people”, among others.

“Capitalism is the basis of Home Depot, millions of people have earned this success and had success,” Mr Marcus told The Financial Times in an interview published on Thursday. “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.”

Mr Marcus launched Home Depot in Atlanta in 1979 with fellow-co-founder Arthur Blank, eventually building it into the largest home improvement retailer in the world with 2300 stores in the US.

The barriers to entrepreneurial success in America had become so great that had they tried to start the business in 2022, they would have ended up with only 15 or 16 stores, he told The FT.

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