The average lifespan of companies is shrinking alarmingly; it is currently just under 10 years, with up to 80 per cent of start-ups failing within five. This is worrying because entrepreneurship is the backbone of our economy and prosperity. The main reason for this negative development is that there are fewer and fewer destined entrepreneurs! Instead, neo-managers are increasingly occupying this field, driven by the supposedly great fad of founding start-ups. Many start-ups are only founded because of subsidies or funding from yield-hungry investors. The majority of them are not set up for the long term. The millennia-old classic idea of the entrepreneur planning for a family business that will last for generations, which made the European economy so robust, is increasingly going to the dogs. This new-fangled, locust-plague-like culture of entrepreneurship is not sustainable. It causes long-term damage to our economy and resilience of competitiveness. Unfortunately, politics and the education sector are also fuelling this aberration. Neo-managers, prestigiously often referred to as “co-founders” or, erroneously, even as “entrepreneurs”, usually bear only an asymmetric risk...