Home Depot co-founder and billionaire businessman Bernie Marcus isn't sure he would be able to create the home improvement chain today if he tried given onerous regulations on small businesses and a challenging economic backdrop.
"I don't think so," Marcus — a well-known proponent of free market capitalism and small businesses — said on a new edition of Yahoo Finance Presents. "I think if we had the regulations that we have today, Home Depot would be a chain of 12 stores. I just don't think we could have grown."
Marcus also had some choice words for politicians, the Biden administration, and notably the occupier of the Oval Office.
"Most of the people in Washington never ran a business," added Marcus, who is also the new author of Kick Up Some Dust: Lessons on Thinking Big, Giving Back, and Doing It Yourself. "You have a president that never worked a day in his life — never worked a day in his life. What the hell does he know about economics? But he sure spouts about it a lot." READ MORE...
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