The rise of giant corporations and bureaucratic management led Schumpeter to predict the end of capitalism. According to him, individual entrepreneurs who were capable of relevant innovations and pushing through new combinations in the marketplace in the face of resistance (due to the inevitable destruction of previously existing market relations) were the true cause of macroeconomic progress. The successful entrepreneur would thereby also yield considerable profit (temporary monopoly), enabling, eventually, the building of lasting (family capital) empires.

Dieter Plehwe, Quinn Slobodian & Philip Mirowski (eds.), Nine Lives of Neoliberalism, loc. 272