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It's cope by people still stuck in the Left/Right paradigm. You know, the same people who say "socialism means the government building roads" or who accept every form of degeneracy imaginable, so long as they're allowed ten or so years to get used to it.

The fact is, there are people who believe the State should care for the people but want zero immigration, and there are people who push "social justice" but want the banks to control what is allowed to be published.

Horseshoe theory simple handwaves this reality by saying "they're all extremists".