Heat the olive oil in a large pot over medium heat. Add the chili flakes, onion, carrot and 1 tsp salt, sauté until the onion is translucent, about 5 minutes.
Next, add the jalapeno, cumin, paprika, chili powder and garlic, and sauté 2-3 minutes until very fragrant. Add the 2 cans of diced tomatoes, with the liquid to deglaze the bottom of the pan. Stir the bottom of the pot well to pick up all of the spices.
Finally, add the beans, bell pepper, tomato sauce, water, salt and pepper. Stir well and cook for at least 1/2 hour to allow the flavors to combine. Let stand for 5 minutes and serve immediately.
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