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Socialism is the mother of all sunk cost fallacies.

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In what way? It's a whole lotta fallacies lol

10 Add layer of government (read: central planning).

20 Observe zero to negative outcomes.

30 Conclude that the answer must be MOAR CENTRAL PLANNING.

40 GOTO 10

Some higher level thinking brought to you by fortran

Ah, yeah lol!

Socialism is slavery. - Lord Acton

Unless you’re talking about corporate socialism.