Your whole point seems to revolve around the straw man that the people on this board are defending Facebook or the Facebook IPO. We're not, that I have seen.
But the topic has become the pet bugaboo of the scamland crowd, so it keeps getting brought up, regardless of relevance. Pure deflection from the topic of research here - organized scamming in the OTC.
As for capitalism, what does that have to do with fake companies set up to enrich hidden insiders? Nothing at all. It's an ideo-economic cloak for outright fraud. I am also against a generally more regulatory environment. So let's just shut it down. The gamblers will have to learn to be content with slot machines and poker tables.
Of course this post is my opinion. Every post by anyone is an opinion. I'm not writing a white paper on scams… in this post, anyway...