Earlier quoted context omitted.
That does not explain radicalization and anti-democratic turn of billionaires. Ordinary people who are turning fascists are not turning fascists because of economic anxiety. They reject party that make economy better.
Business owners turn fascist over economic anxiety. Hitler's funders were afraid they would be irrelevant in an international context. The people have real grievances but tend to follow any * hole who has been the visible problem all along but can say the problem is that they were blocked from creating the ultimate vision of a perfect **hole. I don't know the answer to representational democracy but I think there is…
The grandparent said billionaires though. Some of them may have economic anxiety (not being in the government's graces might damage your company), but it seems most see a possibility of operating in an environment where they are not constrained by 'pesky' rules. E.g. leveraging Trump's wrath to pressure the EU into dropping laws like the DMA/DSA that protects citizens against the power of large tech companies.