Heat the frying oil in a large, heavy-bottomed pot (such as a Dutch oven). Add the pancetta and cook over medium heat until most of the fat is rendered (melted), try not to crisp it up/brown it too much. Transfer the pancetta to a plate using a spider strainer, leaving the fat in the pot.
1 tablespoon frying oil
Brown the ground meat in two batches. Add the first batch in an even layer and cook over high heat for about 2-3 minutes without stirring. Once the meat is browned on the bottom, turn it over and cook on the other side until browned. Then, start stirring until the meat is fully cooked and no longer pink. Break up any clumps until the meat is evenly separated; you can use a potato masher for this. Transfer the cooked meat to a plate.
1/2 pound (225g) ground pork, 2 pounds (900g) ground beef
Add the olive oil to the pot, then add the chopped vegetables. Cook over medium heat for about 5-8 minutes until softened.
1 tablespoon olive oil
Add the garlic and cook for 30 seconds.
Add the tomato paste, dried basil, oregano, and red pepper flakes. Cook for 1 minute.
2 tablespoons tomato paste, 1 1/2 tablespoons dried basil, 1 1/2 tablespoons dried oregano, small pinch of red pepper flakes
Add the red wine and cook for about 5 minutes, until almost evaporated.
1 cup (240ml) dry red wine