To begin with, the ideology of the far-right movement regarding the economy is
less coherent and more difficult to discern than its views on immigration or religion, for example. Generally speaking, right-wing extremists are rather critical about globalisation and the financial elites, support trade protectionism and insist on the conspiracy-theory of Communism silently infiltrating our system to undermine capitalism. The first two concepts are relatively easy to explain, as the identitarian movement's membership has largely suffered from the new economic trends, including globalisation, competes with immigrants for unskilled jobs and has been severely affected by the crisis of 2008 and its negative repercussions , while worker rights have been gradually eroding. The latter, however, is more surprising, as the belief that Socialism has poisoned and damaged Capitalism seems to be in direct contradiction with the previous anti-establishment message and the hostility towards core concepts of Capitalism, such as free market, the unopposed flow of workers and the abolishing of any legal obstacle that may damage the interests of the company and its owners.
In my opinion, this contradiction reveals the political immaturity of the far-right, as it seems incapable of formulating a consistent policy concerning our society's most vital issue, economy. It also shares some clear similarities with the Stab-in-the-Back myth of post-WWI myth. To give a bfief summary, Jews and Social-Democrats (despite the fact that Friedrich Ebert was essentially the first to propagate this conspiracy-theory) were blamed for the surrender of imperial Germany, which was allegedly never defeated in the front, but only collapsed as a result of the Judeo-Bolshevik betrayal. The common elements between German revisionism and the suspicions of the far-right about "liberal elites'' having been converted to Socialism and orchestrating the disintegration of capitalism from within are obvious. Moreoever, I think that both conspiracy-theories have been created and developped in a remarkably similar manner.
Τhey stem from the nostalgic attraction towards an idealised past, often considered as absolutely impeccable. To be just with the far-right, since the fall of the Warsaw Pact and the Soviet Union, the radical narrative of capitalism being flawless progressively became more and more dominant in mainstream media and serious publications, in spite of its childish hyperbole. Therefore, for many radical right-wingers, the current stagnation and growing income inequality are completely inexplicable for a system that was supposed to guarantee humanity continuous and eternal prosperity. As a result, capitalism's perfect nature must have been corrupted by a malign influence, essentially its main antagonist, which is Communism and its numerous offshoots, which subsequently led to the current misery.
The details of this reasoning vary remarkably. Sometimes, the upper classes are perceived as greedy and morally degenerate (materialistic, homosexual, atheist and etc.), in stark contrast with their more generous and less sybaritic predecessors. Alternatively, the cosmopolitan bourgeoisie has been brainwashed with "white-guilt" over the colonial past of Europe and the United States or, even more sinisterly, as the notorious prophet Yuri Bezmenov suggests, we are ruled by Soviet sleeper agents, tasked with destroying the Western paradise. However, the main gist remains identical and is directly responsible for inflaming internal tensions and propagating hatred against certain segments of the society perceived as treacherous and treated as the convenient scapegoats for the society's ills. So, what do you think? Is the alt/far/identitarian right's harsh anti-elitism indeed an alternative version of the Stab-in-the-Back myth? Is indeed the shape of the political belief's of the reactionaries determined significantly by the current financial situation, together with the non-negligible factor of naivety, ignorance and lack of critical thinking?