People are dissatisfied with the economy and the far-right says, “This is happening because of immigrants,” the left says, correctly, “This is happening because of billionaires,” while liberals just say, “This isn’t happening, everything is fine.” The far right’s narrative beats the liberal one because it at least acknowledges that people are struggling, even if the reasons and solutions it offers are totally wrong. Unless the economic conditions can be reversed, and the far-right are the only ones people see offering an alternative, the growth of the far-right is inevitable.

As for the left’s (correct) narrative that the billionaires are the problem, it has the advantage of actually being true and making sense, but it has the disadvantage of threatening monied interests, which are going to try their best to subvert and silence it. Billionaires will generally prefer to promote the far-right because it doesn’t threaten their interests.

However, the left’s narrative is the only thing that can really counter the right’s narrative. You can’t keep insisting there’s no problem as things get worse and worse and expect it to work. The left is weak right now and faces an uphill battle, but it’s a battle where there’s a possibility of winning, while the liberals are ultimately doomed.