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WATCH: Home Depot Co-Founder Warns About Socialism Pushed By Democrats

Home Depot co-founder Bernie Marcus warned about socialism being pushed by the Democratic Party in a new video for the Job Creators Network, the same group that has trolled socialist Alexandria Ocasio-Cortez for sabotaging the Amazon deal which caused New York 25,000 jobs and billions of dollars in economic activity.

"I want to start by saying something politically incorrect. I love America, I do," Marcus said. "I love America because it's the greatest country in the world. I think there are two big reasons why this country is so great. The first is our Constitution which guarantees our freedom of speech and expression. The second is our free market system."

"The free market system has been the biggest creator of wealth and prosperity the world has ever known, lifting billions of people out of poverty and far more superior than any government program could ever be," Marcus continued. "The free market is the tool that allows money to reach out and grab hold of the American dream."

Marcus added, "it pains me to see people in this country glorifying socialism. Young people especially have been indoctrinated into believing that free enterprise is immoral because it enriches the greedy and depresses the poor."

"Even the word capitalism is not politically correct to use, but the reality is that the free market system has created the biggest middle-class population in the world and while some may say socialism is well-intentioned, the fact is it robs people of their independence, their dignity, and their finances leading to government dependence, suppression of ideas, and lower standards of living for those under its thumb," Marcus noted.

WATCH:


Full transcript:

Hi, everyone. I want to start by saying something politically incorrect. I love America, I do. I love America because it's the greatest country in the world. I think there are two big reasons why this country is so great. The first is our Constitution which guarantees our freedom of speech and expression. The second is our free market system. The free market system has been the biggest creator of wealth and prosperity the world has ever known, lifting billions of people out of poverty and far more superior than any government program could ever be. The free market is the tool that allows money to reach out and grab hold of the American dream. When I co-founded the Home Depot in 1979, I'd just been fired and I was broke. There's no other country in the world that is a system where someone under these circumstances could turn a simple idea and hard work into a company that employs more than 400,000 people and has created thousands of successful millionaires. While I'm no longer in the management of the Home Depot I still believe in the free market enterprise system that helped build it. That's why it pains me to see people in this country glorifying socialism. Young people especially have been indoctrinated into believing that free enterprise is immoral because it enriches the greedy and depresses the poor. Even the word capitalism is not politically correct to use, but the reality is that the free market system has created the biggest middle-class population in the world and while some may say socialism is well-intentioned, the fact is it robs people of their independence, their dignity, and their finances leading to government dependence, suppression of ideas, and lower standards of living for those under its thumb. Free enterprise just doesn't create an environment where individuals have the opportunity to prosper but makes charitable giving possible in the first place. It's not a random occurrence that Americans are the most charitable people in the world. It's a result of hard work, entrepreneurship, and yes, a free market system because in order to give money you need to make money, it's not an evil concept. In the last 15 years, I've donated to causes that have included in medical research, autism research, advocacy for veterans causes, and even building the Georgia Aquarium. Call it whatever you like, free market, free enterprise, or even capitalism. I don't care, as long as you understand that these free-market ideas have made giving back in these big ways possible. One of my favorite causes is the Job Creators Network, a group I founded to champion these free-market ideals. Efforts like these are more important now than ever as support behind socialism continues to swell in our urban areas, and academia, and even in the halls of Congress. I encourage you to help us in this fight go to our website JobCreatorsNetwork.com and make your voices heard. Thank you.

 
 
 

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