Which is to say that even very intelligent people can be very vulnerable to believing in things which are patently false provided that the end result is the ability to continue to live in a state of complete denial, and a world of pure imagination, where no action is required on one's own part and you can just continue to hope that all of this is a temporary aberration that will get better on its own :)
Obviously. Why else would people on hacker news advocate for all the socialist economic policies that humanity just spent the entire 20th century proving don't work?
Sadly history repeats so we'll probably just have another "cultural revolution" and "great leap forward" in the 21st century.