Bernie Marcus, co-founder of Home Depot, recently made headlines after expressing his concern about the “woke generation” ruining businesses. His comments, which were full of assumptions and inaccuracies, only served to further highlight the disconnect between the ultra-wealthy and the realities of everyday life.
In an interview with the Financial Times, Marcus claimed that people are “too lazy…too fat…too stupid” and don’t want to work anymore because of “socialism.” He echoed these sentiments in a recent appearance on Fox Business, saying that he doesn’t “want to see the woke generation coming up” as business leaders, and that “climate control has caused most of the problems we have today.”
Marcus’ views are a stark reminder of the disconnect between the ultra-wealthy and the realities of everyday life. He believes that prioritizing diversity comes at the expense of a company’s bottom line, when the opposite is more likely to be true. He also ignores the fact that large corporations like Home Depot contribute directly to pushing small businesses out of business, and that overworking and underpaying employees across the country stifles the ability of everyday people to get their own businesses off the ground.
The billionaire also fails to recognize that the “woke generation” he criticizes is made up of people who are far from “entitled” and “given everything.” In fact, the vast majority of millennials and Gen Zers are struggling to make ends meet, with little to no help from the ultra-wealthy.
Marcus’ comments are an example of the disconnect between the ultra-wealthy and the realities of everyday life. His assumptions and inaccuracies only serve to further highlight the inequality between those who have and those who don’t, and how little the ultra-wealthy understand the struggles of everyday people.