Unlike in Schumpeter's world of entrepreneurs and competitive small firms, these companies in many cases started as large-scale concerns made possible by the complex state and banking linkages typical of late-industrializing states. These firms innovate incrementally, improving their dedicated product lines one step at a time using specialist engineers and scientists. Most of them haven't seen an entrepreneur in a century. There has been plenty of creativity, but very little destruction—at least of firms—in Germany.

Mark Blyth, Austerity, loc. 354