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Social media is to blame, at least in huge parts.
It offers a platform for unproven claims, and especially the short content formats are an issue:
You can not cover important topics fairly in those formats. Only populism can profit from it. And the far right does this.
We reached a point where people don't believe the published agendas of candidates and parties anymore. They only trust what the hear and see on social media.
Of course there are other factors, but this is an important one.
Or just maybe social media has enabled the masses to realize globalism hasn't really helped them. A cheaper TV wasn't worth the massive exportation of factory jobs. Free trade allows a race to the bottom for labor that can be done elsewhere, that's great for owners, not so great for the workers that can't find a comparable job anymore.
Actually here in hungary, trump's comrade orban is shitting in his pants, as Peter Magyar became more popular than orban in 6 months. (Before that he was unknown) This happenes because orban and his comrades created skyhigh inflation in hungary along with the devaluatiom of the hungarian currency. Actally orban and his comrades fked up everything, and even though they have the most powerful propaganda machine, they seem to be losing ground.
People like to focus on economic factors because they're easily quantifiable. More vague factors disassociated from economic lifestyle are difficult to quantify, so harder to study and talk about. By way of example, though, when someone really hates black people, that's not economic, it's personal. It's something else entirely. Men wanting power over women isn't economic. Even immigration complaints aren't really economic, that's just an excuse to cover up much less defensible reasoning.