Bernie Marcus told Financial Times on Thursday: “I’m worried about capitalism.”
The 93-year-old billionaire co-founder of Home Depot blamed “socialism” for Americans lacking the motivation to work and warned that the future of capitalism is in danger.
“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,” he added.“That’s the success. That’s why capitalism works.” He praised Trump for his policies, which he said were “spot on,” though he added “it’s going to be very interesting in ’24 because I think DeSantis will challenge him. And may the better man win.”Marcus said he doesn’t grasp the current trend of gearing business toward advancing political and social causes. Any attempt to “woke” him, as he put it, would fail, he said.“The whole idea that a business is set up for social purposes doesn’t make sense to me,” he told FT.
Marcus said he has no regrets about his life and the toll it has taken on him to devote many of his waking hours to building Home Depot. He said he has endured a heart attack, five bypass surgeries, and had an aortic valve replaced.
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