The comparison to democracy is a red herring. Facebook isn't a government, it's a company.

If you want an accurate government analogy, look at the military: it has to move fast to succeed. You only run a war by committee if you want to lose.

Why even have an analogy. There is a perfect Example of Michael Dell wanting more control, and getting together with others to buy dell back, and its no longer publicly traded. They can not have to worry about shareholders, when the (for example) decide to buy EMC..

And if you want to run a company without having to deal with shareholders you can stay privately held.

I used an analogy to simply demonstrate every entity (e.g. government, corporation, military,etc) must follow specific rules while making decisions.

Go radically against these and chaos will erupt. It's both unintelligent and ideological to take speed as an absolute.