Commentary Meta Platforms Inc., which owns Facebook, crashed at least $195 billion in value on Thursday. Does this harbor a major tech market correction on the level of the massive selloff in 2000-01, called the Dot-Com Bust? All markets have booms and busts. It’s part of the capitalist system. Socialists like to criticize the boom-bust cycle, but whenever they came to power, they brought mass starvation, as in the Soviet Union or Maoist China. The best one can do is prepare for the inevitable busts. In particular, governments should not spend too much during the booms. In the late 1990s, in the Orange County Register, where I wrote the state editorials, I warned over and over: “The business cycle has not been repealed.” Gov. Gray Davis and the Democratic Legislature didn’t listen. The money kept pouring into state coffers from Silicon Valley. The state boosted general-fund spending from $57.8 billion …