Former Home Depot CEO slams ‘socialism’ for killing US work ethic

Home Depot co-founder Bernie Marcus revealed he was “worried about capitalism” and accused socialism of crushing Americans’ work ethic.

“Nobody works. Nobody cares. 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,” he said. Marcus, describing the lazy work culture to the Financial Times.

The “outnumbered” panelists reacted on Monday to the billionaire businessman’s comments that caused a stir online.

Fox Weather meteorologist Amy Freeze said the former CEO may be right in his assessment because government subsidies have enabled a culture of entitlement.

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“I think that might be the truth in some situations because people don’t feel they have to work anymore because they can get everything else for free from the government or they get paid more to go on the welfare system. social,” she argued.

‘Outnumbered’ host Emily Compagno agreed that social media apps like TikTok have taught young people to pursue ‘cheap dopamine hits’ and ‘get rich quick’ as ‘influencers’ in the world. instead of careers that took years of hard work to see results.

She agreed with Marcus that the government had also killed entrepreneurship.

“I agree with him that it’s partly the absolute dilution of any kind of work ethic on the part of young people, and also in combination government over-regulation, so there’s no incentive to create his own business,” she said.

‘Outnumbered’ hosts have accused apps like TikTok of teaching young people to pursue ‘get-rich-quick’ schemes on social media/
(Shuran Huang/Bloomberg via Getty Images)

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FOX Business’ Kennedy added to Freeze’s comments, saying coronavirus stimulus packages prompted some Americans to stop working because they were still getting paid.

“People have been paid not to work during the pandemic. There are a large number of people who would like to continue this trend, but with a recession looming, they won’t have that luxury,” she said.

Kennedy added that there was a culture of entitlement among some Gen Zers.

“For Emily, they don’t want the entry level, they want the c-suite!” she said.

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Fox News contributor Dr Janette Nesheiwat argued that capitalism enabled the work ethic, but government subsidies, student loan forgiveness and lockdowns hurt it.

“I think you’re right. It’s been exacerbated with the COVID lockdown, people have felt comfortable sitting at home, working from home, wanting to get paid more and do less work, and that’s not just isn’t how our country works,” she said.

“You know, I think it’s capitalism that helps out of poverty… if you look at socialism it’s government control, winners versus losers, but the government wants to take all your winners and even them out , give them to everyone,” she said. continued.