How Facebook could destroy the U.S. economy

Commentary: Too-big-to-fail mentality replays the dot-com bubble

SAN LUIS OBISPO, Calif. (MarketWatch) — Facebook just joined a “troubled club,” warns the Economist. Now it’s just another “endangered public company.”

Yes, endangered. The number of public companies has declined 37% since 1997. The number of IPOs has dropped from 311 annually before 2000 to 99 in the past decade. Meanwhile, the smart CEOs and the Super Rich are “going private,” to avoid government red tape restricting capitalism. FULL STORY at Market Watch>>