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Bill Whittle Network

Liberals and the Sunk-Cost Fallacy: Why They Vote for People Who Can Get Them Robbed or Killed

Bill Whittle Network

Bill Whittle Network

News

4.9720 Ratings

🗓️ 17 October 2022

⏱️ 20 minutes

🧾️ Download transcript

Summary

With crime escalating rapidly in Democrat-controlled cities, why do voters continue to return these people to leadership and managerial roles? The sunk-cost fallacy may help to explain this dangerous and mystifying behavior. Bill Whittle and Alfonzo Rachel create two new episodes of The Virtue Signal each week, analyzing the culture and current events through the lens of classical thought and enduring principles. You may support this work in two ways... 1) Become a Member — for as little as $9.95/month — and unlock access to Backstage content, the Member blog, forums and comments where you'll meet like-minded people. Tap the big green button at https://BillWhittle.com to join. 2) Make a one-time or recurring donation with PayPal or credit card. Tap the big blue button at https://BillWhittle.com to give.

Transcript

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0:00.0

Has enough of the country been hit hard enough by reality to change their mind?

0:06.5

Or did the beatings have to continue?

0:24.7

Hi, everybody. Welcome to the virtue signal.

0:28.1

I'm Bill Whittle here with my friend Alfonso Rachel, and you probably know the drill by now.

0:34.3

Zoe, I had a kind of a, I don't know if it's a major realization, but maybe it'll help a little bit.

0:43.3

Crime is at all time, about 25, 30,, 50-year highs in New York City, Chicago, Portland,

0:44.4

everywhere.

0:46.3

Crime's going through the ceiling.

0:51.4

And yet, I suppose we'll know more in a couple weeks after the midterm elections, and yet people seem to keep voting for the same folks and it

0:55.6

doesn't make any sense and I was trying to figure out why that was and one of the things

1:00.8

that may explain this is something called the sunk cost fallacy it's an extremely

1:07.4

powerful psychological motivator and basically, here's the description of it.

1:15.6

Some cost fallacy is the phenomenon whereby a person is reluctant to abandon a strategy or a course of action

1:23.6

because they have invested heavily in it, even when it's clear that abandonment would be more beneficial.

1:30.8

One of the first examples I ever heard of this many years ago

1:33.7

was when a number of these televangelists like Jerry Falwell or Jim Baker,

1:41.4

those kind of guys, when there was overwhelming proof that these guys were not only stealing money,

1:47.1

but were morally reprehensible people,

1:49.4

and a number of their followers disappeared, significant number,

1:54.1

but a significant number of them also increased their donations.

1:59.4

And it was explained to me that the reason they increased their donations. And it was explained to me that the reason they increased their donations after discovering that these guys were frauds, or at least after the world discovered that, was because they had sent so much money to these men over the years that the idea that they could have wasted that money, that all of

2:18.1

that money, and we're talking about people in real hardship who were sending, you know,

...

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