The late German philosopher Ulrich Beck said that the economy has escaped from under the influence of politics and is now happening in the spheres that float high above the political sphere.
This is why the political space has been conquered by appeals to fear. “Caravans are coming! Scary hordes are on the threshold! Democracy is dying! Authoritarianism is knocking at the door!” These are not complete lies. The statements are kind of true in the sense that fluidity is coming and it is quite scary, and democracy isn’t dead but something quite worse. It’s irrelevant.